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Stocks surge as reopening economy overpowers record unemployment

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www.fox29.com

If you are struggling with finances during the pandemic, these tips may be helpful. NEW YORK - U.S. equity markets rallied Friday despite historic job losses as states forged ahead with reopening plans.

The Dow Jones Industrial Average gained 330 points, or 1.38 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 1.12 percent and 0.82 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The U.S.

economy lost 20.5 million jobs in April, according to the Bureau of Labor Statistics, as non-essential businesses at least temporarily closed their doors to help slow the spread of COVID-19.

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