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These stocks rose by double digits Friday as underperforming sectors


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:



Read More: These stocks rose by double digits Friday as underperforming sectors

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