Stocks finished the week with healthy gains, even as investors considered rising coronavirus cases.
 | THU, JUL 02, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | PFE | 34.51 | +0.77 | +2.28% | | BA | 180.81 | +0.49 | +0.27% | | MSFT | 206.26 | +1.56 | +0.76% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAL | 12.50 | -0.31 | -2.42% | | GE | 6.82 | +0.08 | +1.19% | | F | 6.05 | +0.07 | +1.17% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAL | 12.50 | -0.31 | -2.42% | | UAL | 34.14 | -0.31 | -0.90% | | FB | 233.42 | -4.13 | -1.74% | |
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Investors got fantastic employment news Thursday morning and briefly drove the Dow Jones Industrial Average more than 400 points higher, but … The 4.8 million jobs added in June were not cause for celebration,writes CNBC's Patti Domm, because the record count didn't include the last weeks of the month when a surge in coronavirus cases began to stall reopening plans. "It's not the time to pop champagne corks," said Diane Swonk, chief economist at Grant Thornton. "This is backward-looking data and many of these people could lose their jobs again in July."  Some sectors will take years to reclaim pre-coronavirus employment levels or they may never get there at all, writes CNBC's Thomas Franck in his breakdown of short-term and long-term employment changes. Stocks finished the day slightly higher, and ended the week with healthy gains, as the market is closed Friday for the Independence Day holiday. "It's not an all-clear day," said JJ Kinahan, chief market strategist at TD Ameritrade. "Any piece of news can send us moving pretty quickly one way or the other." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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