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About: http://data.cimple.eu/news-article/36efcf6798111c4ff8bf5b0d4bb1f106533ffe44b4e2be944a2f51db Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks surged to fresh records Friday, extending a post-election rally as disappointing US jobs data boosted the prospects for fiscal stimulus. All three major indices finished the week at all-time highs, with the Dow Jones Industrial Average gaining 0.8 percent to 30,218.26. The broad-based S&P 500 jumped 0.9 percent to close at 3,699.12, while the tech-rich Nasdaq Composite Index advanced 0.7 percent to 12,464.23. The rally came even following government data showing the jobs recovery stalled, as US employers added just 245,000 new jobs in November. And though the unemployment rate dipped to 6.7 percent from 6.9 percent, the lowest since the pandemic struck, that was due to Americans leaving the workforce. Noting that new Covid-19 cases are "raging" in the US, FHN Financial's Chris Low warned in a note "job growth will be sluggish for the next three or four months, minimum." Still, Low pointed out that US approval of the first coronavirus vaccine could come as soon as next week. Analysts said the weak jobs data provides further impetus for Congress to enact a new stimulus package, and Senate Republican leader Mitch McConnell and House Speaker Nancy Pelosi have revived efforts to hash out a deal. President-elect Joe Biden reiterated the need for immediate support, saying "if we don't act now, the future will be very bleak. Americans need help and they need it now." JJ Kinahan, chief market strategist at TD Ameritrade, said the fresh stock records "might seem jarring" in light of the soaring coronavirus counts in the United States, but noted that the market is looking to vaccines and an economic recovery in 2021. "Keep in mind that the stock market is a forward-looking beast, meaning that current activity in the main indices may be reflecting a good bit of investor anticipation of what might happen months from now," Kinahan said in a note. jmb/hs
schema:headline	Dow, S&P 500, Nasdaq all end at records, extending rally
schema:mentions	Judge S&P 500 Index Protest Dow Jones Industrial Average Stock market Mitch McConnell President-elect of the United States History of the United States Republican Party Speaker of the United States House of Representatives United States Senate United States Congress Nancy Pelosi Pandemic Joe Biden Vaccine United States Coronavirus Coronavirus disease 2019 Hash table Christy Kinahan TD Ameritrade Fresh Records (UK) Fiscal policy NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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