Why Did Stock Explode When Jobs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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April’s jobs report was lower than expected, but Wall Street didn’t care.
The U. S. economy produced only 266,000 new jobs in April. The private sector added 218,000 jobs. Meanwhile, government employment rose by 48,000. As a result, unemployment moved from 6 to 6.1 percent. 
Stocks React
Following the release of the jobs numbers, all the major exchanges posted gains. The Nasdaq moved up 1.1 percent, the S&P 500 gained .7 percent, and the Dow rose .4 percent.
The jobs report had no impact on the markets. So, what caused them to move up? Inflation fears were eased. However, since that time some inflation concerns have increased stock volatility. ....

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