US markets jump on open after optimistic jobs report

Wednesday, 03. June 2020 15:30

Stock markets in the United States soared at the open on Wednesday after the publishing of the ADP National Employment Report which revealed the number of jobs in the private sector fell by a much smaller amount than anticipated. In business news, Warner Music said the pricing of the initial public offering (IPO) of its stocks will be set at $25 per share.

While protests continued across the US, the latest information showed Joe Biden has been projected as the winner of the Democratic Party's nomination for November's presidential elections.

The Dow jumped 0.83% or 213 points at the open as American Express grew 3.33%. The Nasdaq 100 rose 0.32% as the session kicked off, with Microchip Technology advancing 8.68%. The S&P 500 started ticking 0.68% higher. The euro gained 0.30% against the dollar to go for $1.12051 at 9:33 am ET.

Related Links: 
Breaking the News / ND