rose 1%, following strong gains in Asian markets overnight.
announced positive trial results for a potential coronavirus vaccine, buoying investors around the world
Better than expected economic data from China, Australia and the eurozone also helped lift the mood
jobs report set to be published later in the day
economy to gain more than 3 million jobs in June, according to FactSet estimates, building on the surprise addition of 2.5 million jobs in May
economy as well as the wider labor market,†CMC Markets analyst Michael Hewson said
He added that estimates varied widely from just under a million to as high as 8 million jobs
Rony Nehme, chief market analyst at SquaredFinancial, said it indicated that “for now markets are just focusing on the good news and are not too bothered [by] the rise in cases of COVID-19.â€
stocks surged 5.5% as the conglomerate said Primark stores had reopened and that recent sales trends were “reassuring and encouraging.†Sales in the third quarter fell 39% to £2.6 billion ($3.3 billion) but strong performance in its grocery and ingredients business offset a 75% fall in retail
The Dow finished lower Wednesday, but the tech-heavy Nasdaq was vaulted to a fresh record close, giving the year’s second half a mixed start as investors focused on signs of economic recovery from the coronavirus crisis and a new Fed promise for clarity on the path of rates
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