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Dow Jones Industrial Average: ranging for the daily bullish reversal

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by , 07-03-2020 at 12:40 PM (156 Views)
      
   
The Dow Jones Industrial Average was up 0.4%, over 100 points, on Thursday, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.5%.

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Stocks jumped after a bigger-than-expected increase in jobs last month: The Labor Department reported that 4.8 million jobs were added in Juneómore than the 2.9 million expected.

The unemployment rate fell to 11.1%, down from 13.3% in May. The jobs data for June was collected in the middle of the month, however, before a spike in new coronavirus cases cropped up across the South and West.

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