About: http://data.cimple.eu/news-article/70ab5d266cd3a99eb2e68008e6bc50d952d67255fa84e5a8a86c268a

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About: http://data.cimple.eu/news-article/70ab5d266cd3a99eb2e68008e6bc50d952d67255fa84e5a8a86c268a Goto Sponge NotDistinct Permalink

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

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Wall Street shrugged off surging coronavirus cases to end a shortened trading week with gains Thursday, fueled by an unexpectedly healthy US jobs report that bolstered hopes the economy is recovering. The Dow Jones Industrial Average gained 0.4 percent to close at 25,827.36, and the broader S&P 500 climbed 0.5 percent to end the week at 3,130.01. Meanwhile, the tech-rich Nasdaq posted another record after climbing 0.5 percent to close at 10,207.63. Investors were cheered by the Labor Department report showing US employers brought 4.8 million people back to work last month, which cut the unemployment rate by two points to 11.1 percent -- a better-than-expected result even if the jobless rate remains the highest in decades. That sent the stock indices spiking at the open, though gains were pared back by the close ahead of the Independence Day holiday. "Today's report shows that conditions are improving on Main Street, not just on Wall Street," Adam Sarhan, founder of 50 Park Investments, told AFP. However, much of market gains, which are in contrast to the unsteady economy, are due to huge infusions of liquidity offered by central banks globally, including the Federal Reserve, Sarhan said. Stimulus packages like the $2.2 trillion CARES Act passed by the US Congress in mid-March also are helping to blunt the coronavirus downturn. Treasury Secretary Steven Mnuchin said Thursday while he will not be satisfied until all the jobs lost during the pandemic are restored, he aims to have another stimulus package by the end of July. The Treasury also announced it had agreed to loan terms under the CARES Act with five airlines. But American Airlines, one of the borrowers, sunk 2.4 percent by the close. Plane maker Boeing was a better performer with a 0.3 percent gain after air safety regulators on Wednesday completed test flights on the grounded 737 MAX. cs/hs
schema:headline	Nasdaq again closes at record, Dow +0.4%
schema:mentions	Steven Mnuchin S&P 500 Index United States Department of the Treasury Dow Jones Industrial Average Agence France-Presse USA Gymnastics American Airlines Independence Day (United States) Federal Reserve Australian Labor Party Adam United States Congress Pandemic Coronavirus Unsteady (song) Stock market index Boeing 737 MAX groundings Market liquidity NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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