US: Wall St jumps on surprise fall in unemployment rate

[NEW YORK] US stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the US unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump.

The Dow Jones Industrial Average rose 554.98 points, or 2.11 per cent, at the open to 26,836.80. The S&P 500 opened higher by 51.49 points, or 1.65 per cent, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91 per cent, to 9,703.54 at the opening bell.

REUTERS

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