SUBSCRIBERS
Optimism holding up despite dismal US jobs data
Published Sun, May 10, 2020 · 09:50 PM
Singapore
ECONOMIC concerns continued to mount over the past week as the US announced on Friday last week a record unemployment rate of 14.7 per cent for the month of April.
That figure was, nevertheless, lower than expected. US stocks rose in response, with the Dow Jones Industrial Average climbing 1.91 per cent, the S&P 500 Index climbing 1.69 per cent and the Nasdaq Composite Index climbing 1.58 per cent.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters