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Stock market news live updates: Stocks jump as traders digest jobs report, look ahead to Fed remarks

in Sports
Investors are getting worried about a stock market bubble, but Goldman says relax

Stocks jumped Monday as traders took in last week’s much stronger-than-expected monthly jobs report and looked ahead to a busy week of commentary from Federal Open Market Committee (FOMC) members.

[Click here to read what’s moving markets heading into Tuesday, April 6]

The Dow gained more than 350 points, or 1%, reaching a record high. The S&P 500 also reached an intraday and closing record, and the Nasdaq jumped 1.7% as technology stocks extended recent gains. Treasuries were mixed across the curve, and the yield on the 10-year Treasury note ticked down slightly to about 1.71%. Shares of GameStop (GME) sank after the company announced an up to $1 billion share sale. Meanwhile, shares of Tesla (TSLA) jumped after the electric vehicle-maker posted first-quarter deliveries that more than doubled over last year.

 

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