Dow Jones Rises on Jobs Report; Apple and McDonald's Hit the Brakes; Exxon Discloses Big Earnings Hit; Boeing's 737 Max Certification Flights Complete
The U.S. gained 4.8 million jobs in June, eliminating a chunk of the job losses registered during the worst of the coronavirus pandemic. The jobs number was good enough news to propel the Dow Jones Industrial Average (DJINDICES: ^DJI) 1% higher by 12:55 p.m. EDT Thursday.
The Dow's rally drove shares of Apple (NASDAQ: AAPL), McDonald's (NYSE: MCD), ExxonMobil (NYSE: XOM), and Boeing (NYSE: BA) higher despite mixed news. Apple and McDonald's pulled back on store reopening plans due to a surge in COVID-19 cases, Exxon disclosed that it would take a large earnings hit in the second quarter, and the FAA completed certification test flights for Boeing's 737 Max.
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Source Fool.com
