Stocks pop as solid jobs report soothes investor fears
CNN
Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too hot or too cold, story about the state of the economy.
The Dow was up about 125 points, or 0.3%, in late morning trading. The S&P 500 rose 0.8% and the tech-heavy Nasdaq surged about 1.4%. All three indexes are up slightly for the week as well. Bond yields also edged lower and the dollar weakened — signs that investors aren't too concerned about the economy overheating.President Joe Biden on Sunday delivers his first commencement address of the 2024 season at Morehouse College, where the president may for the first time in months have to confront the angst that’s been percolating on college campuses nationwide toward his administration’s policies on the Israel-Hamas war.
Arab and Palestinian Americans left a meeting with Secretary of State Antony Blinken on Friday night frustrated they did not have a clear understanding of how the Biden administration might act upon their concerns as the Israel-Hamas war devastates the civilian population in Gaza, participants told CNN.