Slack stock price surge: What you need to know
The stock market is surging again.
On Friday, the S&P 500 gained a modest 1.2%, and on Saturday it surged another 1.3% after a 0.7% rise Friday.
It has climbed almost 40% since the election, outpacing the gains of stocks such as Apple and Amazon.
On Sunday, the Dow Jones Industrial Average (DJIA) climbed more than 400 points.
It’s the first time the Dow has gained more than 2% since it was first tracked in 1964.
On Monday, the Nasdaq rose nearly 2% after posting its biggest one-day gain since February.
It hit a new record high.
On Tuesday, the U.S. Labor Department said it is suspending a new round of layoffs and has suspended all new hiring for a few weeks, though the agency did not specify what that would mean.
President-elect Donald Trump has been criticized by labor unions for his opposition to some of the most sweeping policies in recent memory, such as a $15-an-hour minimum wage and a new “right to work” law that allows for higher minimum wages and protections for workers who earn more.
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