U.S. Stocks Rise Despite Weak Jobs Report
May 07, 2021
Bad economic news was once again greeted with cheers on Wall Street. Investors brushed off Friday’s surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow and the S&P 500 both rose to new all-time highs Friday morning, and the Nasdaq soared nearly 1.5% as big tech stocks bounced after a recent stretch lagging the broader market. Read more at CNN Business.