
U.S. stocks ended Friday's session sharply higher despite Labor Department data showing 20.5 million jobs were lost in April, with the unemployment rate rising to 14.7%, underscoring the depth of the impact of the COVID-19 pandemic on the American economy. The Dow Jones Industrial Average (DJIA) rose 455.43 points, or 1.9%, to close at 24,331.32 and the S&P 500 index (SPX) gained 48.61 points, or 1.7% to end the session at 2,929.80. For the week, the Dow advanced 2.6%, the S&P 500 ended 3.5% higher, while the Nasdaq advanced 6%.
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Reprinted from Yahoo Finance,the copyright all reserved by the original author.
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