Tuesday, 09 Jun 2020 08:33 AM MYT
Markets have been encouraged by a May US jobs report last week that showed a surprise fall in the unemployment rate, bolstering views that the worst of the downturn is over and that the economy was moving towards a quick rebound. The Nasdaq hit a record high close yesterday, becoming the first of Wall Street's three main indexes to bounce back from the market crash caused by the pandemic.
On Wall Street, the Dow Jones Industrial Average rose 1.7 per cent, the S&P 500 gained 1.20 per cent and the Nasdaq Composite added 1.13 per cent.
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