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Wall Street heads back toward highs despite dour jobs report - Black News Channel

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By STAN CHOE AP Business Writer NEW YORK (AP) — U.S. stocks are ticking higher and heading back toward record highs on Friday, despite discouraging data detailing how much damage the deepening pandemic is doing to the job market. The much weaker-than-expected jobs report may perversely have been bad enough to help kick Congress out of its paralysis and deliver more support for the economy. Hopes also remain deeply rooted on Wall Street that one or more coronavirus vaccines are coming to rescue the global economy next year. The S&P 500 was 0.6% higher in morning trading, putting it on […]

The post Wall Street heads back toward highs despite dour jobs report appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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