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July 2, 2020, 8:56 a.m. EDT

Dow futures surge 400 points after jobs report for June shows 4.8 million jobs added, unemployment falls to 11.1%

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By Mark DeCambre

U.S. stock-index futures added to gains on Thursday after a closely followed report on the health of the labor market showed that the U.S. added 4.76 million jobs in June and the unemployment fell to 11.1% from 13.3% in May, suggesting that the employment picture is improving after a stunning collapse due to the COVID-19 pandemic. Economists polled by MarketWatch had predicted 3.7 million jobs were created or restored in June, with some estimates ranging as high as 8 million. Futures for the Dow Jones Industrial Average /zigman2/quotes/210407078/delayed YM00 +0.23% rose 438 points, or 1.7%, at 26,013 those for the S&P 500 index /zigman2/quotes/209948968/delayed ES00 +0.27% added 40.65 points, or 1.3% at 3,144, while Nasdaq-100 futures /zigman2/quotes/210219788/delayed NQ00 +0.18% were 106.25 points, or 1%, higher at 10,375. Meanwhile, a separate report showed that Americans filed for 1.43 million new unemployment claims in the latest week.

Read the full story:
Dow books slight gain, Nasdaq ends at a record as rise in coronavirus cases caps rally on strong jobs report

/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 35,032.00
+81.00 +0.23%
Volume: 124,920
July 26, 2021 3:59p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,415.00
+11.90 +0.27%
Volume: 906,474
July 26, 2021 3:59p
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/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 15,124.50
+26.50 +0.18%
Volume: 387,516
July 26, 2021 3:59p
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