USA futures gain as recovery optimism lingers ahead of May jobs data

Trump talks about the US jobs report as members of his administration listen in the Rose Garden of the White House

Wall St. ebbs off as S&P 500 snaps four-day rally

It still is down -5.34% on the year, but for the week the Dow 30 is leading the charge with a 6.33% gain. The S&P 500 gained 2.6%.

The worst performers were Nektar Therapeutics (NASDAQ:) which was down 3.59% to 22.27 in late trade, Clorox Co (NYSE:) which lost 3.27% to settle at 197.57 and Cboe Global Markets Inc (NYSE:) which was down 3.16% to 97.84 at the close.

US stock indexes steadily increased in the course of trading Friday on news of an unexpected decline in may.

The major averages are still up on track for solid weekly gains despite Thursday's drop. The S&P 500 advanced 3% and the Nasdaq Composite climbed 2.3%, heading toward a fresh closing high.

'Not stopping': Defiant NYC protesters march through curfew
As he spoke at City Hall, midtown Manhattan was pocked with smashed storefronts, with Macy's flagship store among those hit . Monday's curfew in New York City proved to be ineffective at preventing people from robbing businesses and destroying.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2443 to 455 and 48 ended unchanged; on the Nasdaq Stock Exchange, 2007 rose and 687 declined, while 47 ended unchanged.

Stocks that experienced the highest uptick included those tied to cyclical companies, businesses whose success are directly tied to the U.S. economy.

Shares of airlines jumped, adding to their big gains this week, as the industry added more summer flights. The Shanghai Composite rose 0.4%; Hong Kong's Hang Seng rose 1.66%; while Japan's Nikkei-225 gained 0.74%. Fiscal and monetary aid measures from Frankfurt and Berlin exceeded expectations this week, and reports showed that Trump administration officials expect to spend as much as US$1 trillion in the next round of aid. Amazon closed 0.7% lower while Alphabet and Apple were down by more than 0.8% each. American Airlines jumped 11.1% Friday, while United Airlines shares gained 8.5%.

At 10:00 am ET, the Dow Jones Industrial Average rose 654.25 points, or 2.49%, to 26,936.07.

Gilead: Short Course Remdesivir Tops Standard COVID-19 Tx
Nausea and headache were a little more common among those on the drug. Outside of Japan, remdesivir is an investigational, unapproved drug.

The U.S. economy generated 2.51 million jobs in May, confounding expectations for a loss of 8 million jobs.

Spanish, Portuguese and Greek yields also fell, with the gap between 10-year Italian and benchmark German bond yields at its tightest since late March at around 170bps. Treasury prices and yields move in opposite directions. Elsewhere in commodities trading, Crude oil for delivery in July rose 4.12% or 1.54 to hit $38.95 a barrel, while the August Brent oil contract rose 4.95% or 1.98 to trade at $41.97 a barrel.

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between USA dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020.

World Health Organization encourages masks where physical distancing is hard
The new WHO recommendations also lag behind those of other major health agencies, such as the Centers for Disease Control and Prevention (CDC).

Latest News