About: http://data.cimple.eu/news-article/ca96c44938e454fb390aa0c711780f2448f61f9cd4b6c1b1703eca0f

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/ca96c44938e454fb390aa0c711780f2448f61f9cd4b6c1b1703eca0f 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	Major Wall Street indices finished at fresh records Friday after disappointing US jobs data fueled confidence of continued fiscal and monetary support as the economy recovers from Covid-19. The Dow Jones Industrial Average ended up 0.7 percent at 34,777.76, its third straight record. The broad-based S&P 500 also finished at an all-time high, up 0.7 percent at 4,232.60, while the tech-rich Nasdaq Composite Index jumped 0.9 percent to 13,752.24. Economists had projected the economy would add a million positions as vaccines and government stimulus measures allow business to return to normal in the world's largest economy. But the US economy added only 266,000 jobs, and the March increase was revised lower, while the unemployment rate increased slightly to 6.1 percent, the Labor Department reported. The weak report is a setback for President Joe Biden's efforts to pump up the recovery, but analysts said it could still provide momentum to his efforts to pass enact trillions of dollars in additional federal funding for infrastructure and social programs. Also, the weak April jobs data will quiet talk of a sudden shift in Federal Reserve monetary policy, analysts said. "At least for today, we're going to have monetary policy for a while and this is going to help sell the infrastructure bill," said Art Hogan, chief market strategist at National Securities. In spite of the poor hiring figures, "it's unlikely that the economy is starting a period of weakness here," said Karl Haeling of LBBW, who alluded to other data showing economic acceleration. "Investors don't believe that those numbers actually reflect the condition of the economy," he said. Among individual companies, Beyond Meat fell seven percent as it reported a larger-than-expected loss caused by weak sales to restaurants, sports arenas and other outlets due to the pandemic. jmb/cs
schema:headline	Dow, S&P 500 end at records following weak April jobs data
schema:mentions	Beyond Meat S&P 500 Index Foreclosure Dow Jones Industrial Average Federal Reserve Australian Labor Party Pandemic Joe Biden President of the United States Coronavirus disease 2019 Landesbank Baden-Württemberg Fresh Records (UK) Monetary policy NASDAQ Composite Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software