Stock market news for June 5, 2020
“Stocks ended the week on a high note, as a record jobs report number pushed the major averages higher. The Dow, S&P 500 and Nasdaq Composite are all tracking for a third straight week of gains as a faster-than-expected economic recovery continues to fuel investor optimism.
The Dow gained 829 points, 3.15%, its best daily performance since May 18 when it gained 3.85%
Friday marked the Dow’s fifth positive session in a row for the first time since its 5-day streak ending Jan. 17
This week, the Dow gained 6.81%, its best weekly performance since April 9 when it gained 12.67%
Boeing (BA) has the most positive impact on the Dow, adding 145 points to the index
The S&P 500 gained 82 points, 2.62%, its best daily performance since May 18 when it gained 3.15%
Friday marked the S&P 500′s fifth positive session in 6
The S&P 500 hit its highest level since February 25 in today’s session
This week, the S&P 500 gained 4.91%, its best weekly performance since 4/9/2020 when it gained 12.10%
SPY Impact: Apple (AAPL) has the most positive impact on the SPY, adding 0.52 points to the ETF
The Nasdaq Composite gained 198 points, 2.06%, its best daily performance since May 20 when it gained 2.08%
The Nasdaq hit a fresh all-time high in today’s session but failed to hit a record close.
This week, the Nasdaq gained 3.42%, its third positive week in a row for the first time since its 6-week streak ending Jan. 17
Nasdaq 100 (.NDX) Impact: Apple (AAPL) has the most positive impact on the NDX, adding 32 points to the index. — Hayes, Fitzgerald
4:01 pm: Stocks surge to end the week, Nasdaq hits record
U.S. equities ended Friday with sharp gains following a better-than-expected jobs report that showed signs of economic recovery from the coronavirus downturn. The Nasdaq Composite jumped 2.06%. The technology-heavy index hit a new record high on Friday, making it the first of the major averages to make back all of its losses from the coronavirus downturn. The S&P 500 leaped 2.62%, bringing its week-to-date gain to nearly 5%. The S&P 500 is 1.1% from being positive for the year. The Dow Jones Industrial Average surged 829 points, or 3.15%. The 30-stock Dow is 5% from the flatline for the year. —Fitzgerald”
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