A surprise improvement in U.S. employment helped propel stocks Friday, capping a week of big gains for sectors that were hardest hit by the coronavirus shutdown.
The unemployment rate declined to 13.3% in May from 14.7% in April, while the labor participation rate increased, with 2.5 million nonfarm jobs being added to the economy. Economists polled by MarketWatch had expected the unemployment rate to climb to 19%.
President Trump hailed the good news, predicting “we’re going to be back higher next year than ever before.”
• The Dow Jones Industrial Average DJIA, +3.15% shot up by 829 points (or 3.2%) for the session, capping a 6.8% gain from a week earlier, led by Boeing Co., which was up 11.5% Friday and up 41% for the week. The index is now down 5% for 2020, after being down as much as 34.9% through the crisis closing bottom March 23. (All price changes in this article exclude dividends.)
• The S&P 500 SPX, +2.62% rose 2.6% on Friday. The benchmark index was up 4.9% from a week earlier and is now down only 1.1% this year, after being down 30.7% through the 2020 closing bottom March 23.
• The Nasdaq Composite Index COMP, +2.06% added 2.1% on Friday for a one-week gain of 3.4%. The index is now up 9.4% this year, after falling as much as 23.5% through its 2020 closing bottom March 23.
West Texas Intermediate crude oil for July delivery CL.1, -1.46% rose 5% to $39.91 for a one-week gain of 13%. OPEC+ oil producers are expected to finalize a deal to cut production this weekend.
Among the 11 sectors of the S&P 500, energy was the strongest Friday and was also up the most from a week earlier:
| S&P 500 sector | Price change – June 5 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Energy | 7.5% | 15.4% | -26.3% | 7.6% |
| Financials | 3.9% | 12.2% | -15.0% | 29.2% |
| Industrials | 3.7% | 10.5% | -8.4% | 26.8% |
| Real Estate | 3.6% | 7.1% | -4.5% | 24.9% |
| Information Technology | 2.7% | 3.6% | 10.6% | 48.0% |
| Materials | 2.5% | 7.6% | -2.8% | 21.9% |
| Consumer Discretionary | 2.1% | 4.8% | 6.5% | 26.2% |
| Communication Services | 1.7% | 2.4% | 2.0% | 30.9% |
| Health Care | 1.7% | 0.2% | 1.1% | 18.7% |
| Consumer Staples | 1.5% | 1.9% | -4.6% | 24.0% |
| Utilities | 1.4% | 2.4% | -5.8% | 22.2% |
| Source: FactSet | ||||
Scroll the table to see all the data.
Further illustrating the trend of industries that have suffered the most during the COVID-19 shutdown bouncing back, the S&P 500 airlines industry group was up 4.3% on Friday for a one-week increase of 34.6%. The hotels, resorts and cruise lines group was up 6.9% on Friday and up 22.4% for the week. The airlines are still down 39.3% for 2020, and the hotels, resorts and cruise lines group is down 37.7%.
Here are the 22 S&P 500 stocks that showed double-digit gains (with percentages rounded up) on Friday:
| Company | Ticker | Price change – June 5 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Occidental Petroleum Corp. | OXY, +33.69% | 33.7% | 60.5% | -49.6% | -32.9% |
| Apache Corp. | APA, +23.61% | 23.6% | 48.9% | -37.2% | -2.5% |
| Royal Caribbean Cruises Ltd. | RCL, +20.36% | 20.4% | 33.9% | -48.0% | 36.5% |
| Marathon Oil Corp. | MRO, +17.49% | 17.5% | 37.1% | -46.1% | -5.3% |
| Carnival Corp. | CCL, +16.39% | 16.4% | 36.7% | -57.7% | 3.1% |
| Simon Property Group Inc. | SPG, +15.47% | 15.5% | 53.6% | -40.5% | -11.3% |
| Devon Energy Corp. | DVN, +14.78% | 14.8% | 35.1% | -43.8% | 15.2% |
| Norwegian Cruise Line Holdings Ltd. | NCLH, +14.49% | 14.5% | 43.2% | -61.6% | 37.8% |
| Ford Motor Co. | F, +11.72% | 11.7% | 28.5% | -21.1% | 21.6% |
| Kohl’s Corp. | KSS, +11.49% | 11.5% | 38.3% | -47.8% | -23.2% |
| Boeing Co. | BA, +11.46% | 11.5% | 40.9% | -36.9% | 1.0% |
| Oneok Inc. | OKE, +11.39% | 11.4% | 23.6% | -40.1% | 40.3% |
| TechnipFMC PLC | FTI, +11.38% | 11.4% | 29.6% | -55.3% | 9.5% |
| American Airlines Group Inc. | AAL, +11.18% | 11.2% | 77.0% | -35.2% | -10.7% |
| Noble Energy Inc. | NBL, +11.04% | 11.0% | 29.0% | -54.7% | 32.4% |
| Align Technology Inc. | ALGN, +10.82% | 10.8% | 17.3% | 3.3% | 33.2% |
| Alliance Data Systems Corp. | ADS, +10.65% | 10.7% | 30.2% | -46.2% | -25.2% |
| Howmet Aerospace Inc. | HWM, +10.49% | 10.5% | 31.2% | -31.4% | 82.5% |
| Halliburton Co. | HAL, +10.08% | 10.1% | 23.6% | -40.7% | -7.9% |
| PVH Corp. | PVH, +9.83% | 9.8% | 38.0% | -40.3% | 13.1% |
| FleetCor Technologies Inc. | FLT, +9.76% | 9.8% | 15.8% | -1.8% | 54.9% |
| Diamondback Energy Inc. | FANG, +9.50% | 9.5% | 22.6% | -43.8% | 0.2% |
| Source: FactSet | |||||
Click on the tickers for more about each company, including news coverage.
Dow
Here’s how all 30 components of the Dow Jones Industrial Average performed on Friday:
| Company | Ticker | Price change – June 5 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Boeing Co. | BA, +11.46% | 11.5% | 40.9% | -36.9% | 1.0% |
| Exxon Mobil Corp. | XOM, +8.10% | 8.1% | 16.7% | -23.9% | 2.3% |
| United Technologies Corp. | UTX, | 6.8% | 11.7% | -18.4% | 40.6% |
| Travelers Companies Inc. | TRV, +5.39% | 5.4% | 16.2% | -9.2% | 14.4% |
| Caterpillar Inc. | CAT, +4.77% | 4.8% | 12.5% | -8.5% | 16.2% |
| Chevron Corp. | CVX, +4.70% | 4.7% | 9.9% | -16.3% | 10.8% |
| UnitedHealth Group Inc. | UNH, +4.62% | 4.6% | 2.3% | 6.1% | 18.0% |
| J.P. Morgan Chase & Co. | JPM, +4.50% | 4.5% | 14.3% | -20.2% | 42.8% |
| Visa Inc. Class A | V, +3.08% | 3.1% | 2.2% | 6.2% | 42.4% |
| American Express Co. | AXP, +2.99% | 3.0% | 15.4% | -11.9% | 30.6% |
| 3M Co. | MMM, +2.99% | 3.0% | 7.0% | -5.1% | -7.4% |
| Dow Inc. | DOW, +2.95% | 3.0% | 13.9% | -19.7% | N/A |
| Apple Inc. | AAPL, +2.84% | 2.8% | 4.3% | 12.9% | 86.2% |
| Walgreens Boots Alliance Inc. | WBA, +2.60% | 2.6% | 5.6% | -23.1% | -13.7% |
| International Business Machines Corp. | IBM, +2.45% | 2.5% | 5.7% | -1.5% | 17.9% |
| Coca-Cola Co. | KO, +2.44% | 2.4% | 5.2% | -11.3% | 16.9% |
| Home Depot Inc. | HD, +2.39% | 2.4% | 2.6% | 16.7% | 27.1% |
| Microsoft Corp. | MSFT, +2.34% | 2.3% | 2.2% | 18.7% | 55.3% |
| Intel Corp. | INTC, +2.17% | 2.2% | 2.2% | 7.5% | 27.5% |
| Cisco Systems Inc. | CSCO, +2.07% | 2.1% | 0.0% | -0.3% | 10.7% |
| McDonald’s Corp. | MCD, +2.02% | 2.0% | 5.8% | -0.2% | 11.3% |
| Procter & Gamble Co. | PG, +1.96% | 2.0% | 2.1% | -5.3% | 35.9% |
| Goldman Sachs Group Inc. | GS, +1.44% | 1.4% | 10.9% | -5.2% | 37.6% |
| Nike Inc. Class B | NKE, +1.41% | 1.4% | 4.2% | 1.4% | 36.6% |
| Walt Disney Co. | DIS, +0.91% | 0.9% | 6.4% | -13.7% | 31.9% |
| Verizon Communications Inc. | VZ, +0.90% | 0.9% | 0.6% | -6.0% | 9.2% |
| Merck & Co. Inc. | MRK, +0.87% | 0.9% | 1.9% | -9.6% | 19.0% |
| Johnson & Johnson | JNJ, +0.38% | 0.4% | -1.0% | 1.0% | 13.0% |
| Pfizer Inc. | PFE, -0.05% | -0.1% | -5.8% | -8.1% | -10.2% |
| Walmart Inc. | WMT, -0.45% | -0.5% | -2.0% | 2.3% | 27.6% |
| Source: FactSet | |||||
Here are Friday’s top 10 performers among components of the Nasdaq-100 Index NDX, +2.02% :
| Company | Ticker | Price change – June 5 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Align Technology Inc. | ALGN, +10.82% | 10.8% | 17.3% | 3.3% | 33.2% |
| United Airlines Holdings Inc. | UAL, +8.45% | 8.5% | 51.2% | -51.9% | 5.2% |
| Paychex Inc. | PAYX, +7.89% | 7.9% | 10.7% | -5.9% | 30.6% |
| CDW Corp. | CDW, +7.35% | 7.4% | 13.0% | -12.3% | 76.2% |
| Automatic Data Processing Inc. | ADP, +6.77% | 6.8% | 9.3% | -6.1% | 30.0% |
| Cintas Corp. | CTAS, +6.42% | 6.4% | 15.5% | 6.5% | 60.2% |
| NetApp Inc. | NTAP, +6.18% | 6.2% | 7.9% | -22.8% | 4.3% |
| Skyworks Solutions Inc. | SWKS, +5.82% | 5.8% | 14.9% | 12.6% | 80.4% |
| DexCom Inc. | DXCM, +5.69% | 5.7% | -3.7% | 66.6% | 82.6% |
| Western Digital Corp. | WDC, +5.39% | 5.4% | 9.2% | -23.6% | 71.7% |
| Source: FactSet | |||||
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