Wall Street jumps as historic job losses fewer than feared

Reuters|
Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.
All 11 S&P 500 sectors were positive, led by the beaten-up energy group, which gained 4.3%.
A 2.4% gain in Apple shares also lifted the indexes after the iPhone maker said it will reopen a handful of U.S. stores starting next week.
The U.S. economy lost 20.5 million jobs in April, the Labor Department reported. Economists polled by Reuters had forecast payrolls diving by 22 million, but the decline still marked the steepest plunge since the Great Depression.
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