Global Economic Periscope #4

 

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Live 24 hours gold chart [Kitco Inc.]



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FBI: China is Biggest Threat to US, Over 2,000 Investigations Tied to Communist Regime



Kudlow Says New Stimulus Checks Should Go to People ‘Most in Need’

June 24, 2020 Updated



 

Trump Says Next Stimulus Check Will Be ‘Very Generous,’ Announced in Several Weeks

June 22, 2020 Updated: June 22, 

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Wall Street Cuts Losses as Markets Swing on Virus Fears

 

 

 

Wall Street Surges on Striking US Jobs Report

Updated: June 6, 2020

All three major equities indexes climbed 2 percent or more, with the tech-heavy Nasdaq briefly hitting a new all-time high before ending the session a sliver below.

The benchmark S&P 500 is almost back to where it was earlier in the year, closing 5.7 percent off its record high.

By closing bell, the Dow Jones Industrial Average rose 829.16 points, or 3.15 percent, to 27,110.98; the S&P 500 gained 81.58 points, or 2.62 percent, to 3,193.93; and the Nasdaq Composite added 198.27 points, or 2.06 percent, to 9,814.08.

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The Nasdaq Composite Index (IXIC) between August 2019 and June 2020. (Tradingview)

The U.S. economy added a remarkable 2.5 million jobs last month, rebounding from April’s record 20.7 million drop and pushing the unemployment rate down to 13.3 percent. Analysts expected unemployment to soar to a historic 19.8 percent.

“The numbers are a huge surprise to the upside,” said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.