Dow jumps 190 points after unemployment falls to lowest in half century, Amazon shares gain

climbed 1.6% higher to hit a record high of 8,164. Shares of Amazon got a boost from an investment by Warren Buffett's Berkshire Hathaway.in April while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a Labor Department report Friday. The nonfarm payroll growth far outpaced Wall Street expectations of 190,000 and a 3.8% jobless rate, according to Dow Jones estimates.

"It was definitely a strong number without a doubt," said Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research. "The average for the last three months has only been around 164,000, so it's way above that." The market halted two straight days of losses driven by Federal Reserve Chairman Jerome Powell's comments Wednesday on low inflation pressures being "transitory." The comments lowered the odds of an insurance rate cut, which disappointed investors.

"Today's jobs report provides strong evidence that the Fed should not try to fix what isn't broken," said Ron Temple, head of U.S. equity at Lazard Asset Management. "After adding 169,000 jobs per month for the last three months, in spite of multi-decade lows in unemployment, it should be clear that the U.S. economy does not need additional stimulus measures."

ClosingBell Very Well Don't New York Stock Exchanges Everybody and Bast Of Luck Every Stock Company God Bless you New York Stock Exchanges Everybody

'Some of those jobs of the past are not coming back. [Trump] says he's going to bring those jobs back. He says, 'Well, I’m going to negotiate a better deal.' What magic wand do you have? Usually the answer is, he doesn’t have an answer.” Obama said this... lol

I feel bad for the men who sit or work next to Sarah They look angry and want to lash out but can’t Best stick to business issues and stop with everything being Anti Trump anti women

Yes!! Thank you, realDonaldTrump !! Winning Trump2020Landslide BEST President this country has ever had!!

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