• Nasdaq hits 16K, Dow surges 340 points

  U.S. stocks rallied to new records catapulting the Nasdaq Composite above 16,000 for the first time. The economy added 531,000 jobs an improvement from 194,000 in the prior month, while the unemployment rate dipped to 4.6%. In corporate news, Peloton shares tanked over 33% after disclosing a slowdown from the post pandemic frenzy. In commodities, oil dipped to $79 per barrel level.

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