Stocks Begin to Rebound

Stocks began to rebound the last three days despite record-breaking jobless claims due to the coronavirus pandemic.

The Dow Jones Industrial Average rose 1,351.62 points, or 6.4%, to close at 22,552.17. The Dow capped off its biggest three-day surge since 1931, up more than 20%.

The S&P 500 rose 6.2% to 2,630.07. The Nasdaq Composite advanced 5.6% to 7,797.54 as Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all jumped more than 4%.

The S&P/TSX composite index closed up 243.94 points or 1.8 per cent on Thursday at 13,371.17.

Businesses have more confidence they will be able to rehire people in the future with the backing of Government funds.

Some businesses such as grocery chains, delivery services and pharmacies are hiring as demand for their services continues to climb.