TELETRADER News
6/2, 3:30 PM
(Source: TeleTrader)
Wall Street surges at open as nonfarm payrolls top estimates
Major stock markets in New York posted significant gains following the release of the nonfarm payroll data for May, which showed a higher increase compared to expectations. The previous day was also marked by Senate voting in favor of suspending the debt limit, as well as the latest earnings results from Broadcom and Dell.
The Dow Jones surged 1.14% or 374 points at the opening bell, with DISH Network soaring 17.12%. The Nasdaq 100 added 0.96% or 135 points, led by Lululemon's 13.41% growth prompted by upbeat earnings results. The S&P 500 simultaneously rose by 1.03%.
The euro traded flat against the dollar at 9:33 am ET to sell for 1.07688.