The U.S. also surprisingly added jobs last month
Futures on the Dow Jones Industrial Average (DJI) are up nearly 600 points above fair value this morning, soaring after the U.S. Labor Department's May unemployment rate came in at 13.3%, much better than the anticipated 19.5% estimate.The report also showed that 2.5 million jobs were added last month, a surprise figure considering the expected loss of 7.3 million jobs. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also in the black -- brushing off a snapped winning streak at the close yesterday -- with airline and casino stocks leading the charge amid more reopening buzz.
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Eldorado stock was embossed with a bull note. Two reasons for options bears to target FedEx stock. Plus, Uber helps locate black-owned businesses; Wrangler parent upgraded, and bull notes galore for Gap post-earnings.Stocks in Asia rose to close out the week, as investors looked toward the U.S. unemployment rate for the next global economic cue. Leading the charge was Hong Kong's Hang Seng, up 1.7%, followed closely by South Korea's Kospi, which finished1.4% higher. Additionally, Japan's Nikkei tacked on 0.7%, while China's Shanghai Composite rose 0.4%.
In Europe, investors are awaiting the crude production update from major oil producers, though stocks are boosted by an expansion of the European Central Bank's (ECB) bond-buying program. France's CAC 40 is enjoying a notable lift, last seenup 1.9%, while the German DAX rose 1.8%, and London's FTSE 100 tacked on 1.2%.