Job satisfaction narrowly pushes Nasdaq under record | Financial

For example, unemployment fell unexpectedly in May, as well as unexpected job growth in the world’s largest economy.

The leading Dow-Jones index ended 3.2 percent higher at 27,110 points. The broad S&P 500 rose 2.6 percent to 3,193 points, and Nasdaq technology exchange gained 2.3 percent to 9,814 points, just below its highest closing level in February.

2.5 million jobs were added in the US, following a record decline of 20.7 million jobs a month earlier in April. US President Donald Trump said he expects a rapid recovery in the US economy. He called on states to rein in the reins of corona measures.

As in Europe, aviation companies were among the big winners earlier in the day. American Airlines (+11 percent) continued its advance after the profit of 41% a day earlier. Industry peers such as Delta Air Lines (plus 5.5 percent) and United Airlines (plus 8.5 percent) also rose sharply. Delta has announced that it will temporarily discontinue its services at a number of US airports. Aircraft maker Boeing (plus 11.4 percent) also benefited from the generated sentiment.

Chipmaker Broadcom won 2.6 percent. The company continues to benefit from the demand for data center chips. Broadcom did warn of a weaker demand for smartphone parts as a result of the corona crisis. Meal delivery company Grubhub also gained 5 percent. Reportedly, Just Eat Takeaway and Delivery Hero would prey on the company, which also has Uber’s interest.

Chat service Slack Technologies, which is particularly popular among business users, clearly capitalized on the corona crisis last quarter. There was a lot of interest in Slack’s services because companies had employees work from home en masse. Slack lost as much as 14 percent of its market value due to the withdrawal of important financial forecasts for the entire financial year.

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