DOW Futures Are Soaring After June NonFarm Payroll Adds 4.8Million Jobs; Far Higher Than the 3 Million Estimated

DOW Futures Are Soaring After June NonFarm Payroll Adds 4.8Million Jobs; Far Higher Than the 3 Million Estimated

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1. Dow Futures are soaring in the pre-market hours after June nonfarm payroll add 4.8M jobs, far higher than the 3.0M estimate

2. New daily U.S coronavirus cases hit a record above 50,000 on Wednesday

3. US Nonfarm Payrolls for Jun 4.8M vs 3.0M Est; Prior 2.5M; Unemployment Rate for Jun 11.1% vs 12% Est; Prior 13.3%

4. Tesla (TSLA) shares are soaring after the company reports a big beat on Q2 deliveries.

5. Spotify (SPOT) shares are trading higher after report says ‘Spotify is planning on becoming a competitor for YouTube.