Record jobs report sends stocks higher

Record jobs report sends stocks higher

Dow Jones Industrial Average jumps 92 pointsRecord jobs reportWall Street started the session with sharp gains after the government reported that a record 4.8 million jobs were created in June. Economists were expecting 2.9 million jobs were created. The unemployment rate fell to 11.1% from 13.3% in May. Economists were expecting a rate of 12.4%, according to Dow Jones. “What we’ve seen in May and June is a blueprint for a fast recovery, but only once the virus situation is under control,” said one economistBoeing gains, cruises fallBoeing shares rose 0.27% after the company said it completed FAA recertification flights for its 737 Max jet. Cruise operators fell, however, after a record spike of cases in Florida. Carnival gained 2.93%; Norwegian Cruise Line and Royal Caribbean advanced 2.74% and 2.60%, respectively.What happens next?The ISM non-manufacturing index is set for release Monday morning.Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.


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