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Payrolls up by nearly 1.8 million, topping expectations despite coronavirus resurgence

Nonfarm payrolls increased by 1.763 million in July and the unemployment rate fell to 10.2%.

Both numbers were better than respective Wall Street forecasts of 1.48 million and 10.6%.

https://www.cnbc.com/2020/08/07/jobs...july-2020.html

Most of the major indices were higher on Thursday after another solid afternoon of trading reversed some morning selling. The Dow gained 185-points while the Nasdaq was up for a 7th straight day. But the rally was driven mostly by the large caps as market breadth was actually negative and that tends to mean the Dow Completion Index, or our S-fund, was lagging, and it was. Bonds were up again.

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