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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
May 28, 2020
Page
5
The AP survey shows median CEO pay at major U.S. companies reached 12.3 million last year while typical worker pay rose 3.2 percent. Lisa Su of AMD tops the list with 58.5 million, as policy shifts and market turmoil threaten future pay.
Ohio official Kimberly Hall told lawmakers the surge in jobless claims during the pandemic overwhelmed a fragile system. She cited staffing cuts, outdated technology, and a limited call center as contributors while noting 1.2 million claims filed in nine weeks.
The Dow rose 553.16 points to 25,548.27 gaining 2.2 percent while the Nasdaq climbed 72.14 points to 9,412.36 and the Russell 2000 jumped 43.28 points to 1,436.36. Early losses gave way to broad gains as small caps led the advance.
Stocks closed higher for a third straight session on optimism about a gradual U.S. and global economic reopen. The S&P 500 rose 1.5 percent to top 3000 for the first time since early March, and the Dow surpassed 25000. Financial, industrial and healthcare shares led gains as department stores rebounded on reopening expectations.
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