Dow Up 300 points as the Blue-Chip index increases for a sixth day

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Inventories rose Monday after US employment data was surprisingly positive, which spurred optimism about the strength of the economic recovery.The Dow Jones Industrial Average rose 312 points, or 1.15%, to 27,422, and was up for the sixth consecutive session. Boeing ((BA) – Get a report rose almost 12% and was the main winner of the Dow.

The S&P 500 gained 0.78% and the Nasdaq rose 0.75% to a record intraday high.

US stocks closed sharply higher on Friday after the United States added 2.5 million jobs to the wage bill in May, an increase that caught investors and Wall Street economists by surprise.

Last week, the Dow Jones gained 6.8%, the S&P 500 jumped 4.9% and the Nasdaq rose 3.3%, finishing a few points below its closing high on February 19.

“Optimism about a successful transition from a locking economy to a period of more normal economic activity, albeit with some semblance of social distancing, was supported by employment gains of 2.5 million jobs in May, “said Marc Chaikin, founder of Chaikin Analytics, a Philadelphia company. data-driven quantitative investment research.

“While the road to economic recovery will indeed be bumpy, stocks look to the future over 12 to 18 months and see a return to normal,” added Chaikin. The economy and the arrival of cooler weather in the fall. And of course, the development of a safe and effective vaccine is also an important assumption that is part of the historical advance of the market and evolves towards euphoria. ”



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