The benchmark S&P 500 is now less than 1% down on the year after crashing more than 32% from that level by late March, and is about 6% below its record high.
Massive stimulus packages and the loosening of restrictions on business and travel across the world appear to have helped drive the stock market's recent surge.
Today's report from the Labor Department is likely to show the United States unemployment rate shooting up to nearly 20% in May, a new post-World War II record, but investors have so far shrugged off dire data on hopes that an easing of Covid-19-led lockdowns would revive business activity.
Markets got some traction from hopes for more monetary and government stimulus as the European Central Bank announced a commitment to buying 600 billion euros ($680 billion) more of bonds, almost doubling its asset purchasing program.
The US economy added an astounding 2.5 million jobs last month, rebounding from April's record 20.7 million drop and unexpectedly pushing the unemployment rate down to 13.3 percent.
Some analysts remain baffled by the ongoing USA stock rally.
On Thursday, American Airlines surged 41% for the biggest gain in the S&P 500 after it said it plans to fly 55% of its normal US schedule next month, up from only 20% in April.
Futures on the S&P 500 Index climbed 1.2 per cent as of 8:34 a.m.
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Roxie, who took part in a press conference with her daughter had said that George "loved" his daughter, one of his two children. Tens of thousands of protesters have taken to the streets to demand an end to racism and police brutality.
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Zoom CEO confirmed that they want to be friendly with local law enforcement agencies in order to prevent misuse of the platform. In April, the company garnered ire for offering up misleading figures claiming the service had 300 million daily active users.
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The protesters have since left Trafalgar Square and walked to the gates of Downing Street to continue with their protest. Governors in several USA states called in National Guard troops as protests intensified on Saturday.
As of writing, the S&P 500 was up 2.13% on the day at 3,178 points, the Dow Jones Industrial Average was gaining 2.8% at 27,013 points and the Nasdaq Composite was rising 1.05% at 9,730 points.
Measures financial assistance to the victims because of the pandemic, companies are allowed to support the economy and stocks, the quotations of which fell in late March. That would push the unemployment rate to almost 20% from about 15%.
The S&P 500 is now within 8.1% of its record set in February after earlier being down almost 34%.
Spanish, Portuguese and Greek yields also fell, with the gap between 10-year Italian and benchmark German bond yields at its tightest since late March at around 170bps. This area of the market was much earlier than stocks to give warning about the coming economic devastation from the coronavirus outbreak.
Oil prices were unchanged at $37.29 USA a barrel.
Oil looked set for its sixth weekly gain after OPEC+ reached a tentative agreement to extend record production cuts.
The best performers of the session on the were Boeing Co (NYSE:), which rose 11.46% or 21.13 points to trade at 205.43 at the close. It rose 20 cents to settle at $39.99 per barrel on Thursday. The euro strengthened to $1.1341 from $1.1336.