Stock market news for May 20, 2020

Stock market news

“Dow Jones Industrial Average rises 369 points
The Dow jumped 369.04 points, or 1.52%, to 24,575.90. The S&P 500 advanced 1.67% to 2,971.61. The Nasdaq Composite closed 2.08 higher at 9,375.78. Traders mounted bets on the economy recovering as more states ease stay-at-home orders.

Amazon and Facebook hit records, ‘reopening’ stocks rise
Amazon rose 1.98% to hit an all-time high to lead the market higher. Facebook gained 6.04% and reach record levels as well. Stocks that would benefit from the economy reopening also advanced Wednesday. MGM Resorts closed 8.84% higher while United Airlines rose 5.19%.”

Source: https://www.cnbc.com/2020/05/20/what-happened-to-the-stock-market-wednesday-wall-street-mounts-reopening-bets.html

Stock market close on May 20, 2020

S&P 500: 2,971.61,+48.67(+1.67%)
Dow 30: 24,575.90,+369.04(+1.52%)
Nasdaq: 9,375.78,+190.67(+2.08%)
Russell 2000: 1,346.93,+39.21(+3.00%)

Stock movers

Aurora Cannabis Inc. (ACB) stock was among trending stocks closing at
12.75-1.90 (-12.97%). Among stock movers were Phunware, Inc. (PHUN) closing at 1.5700+0.9003 (+134.43%) and Facebook, Inc. (FB) stock with a stock price of 229.97+13.09 (+6.04%).

Stocks that were top gainers, top losers and most active:

Stock gainers

Cheetah Mobile Inc. ADR (CMCM): 3.05,+0.98 +47.34%
Surface Oncology Inc. (SURF): 3.88,+1.22 +45.86%
GigaMedia Ltd. (GIGM): 3.52,+ 1.03 +41.37%

Stock losers

Luckin Coffee Inc. ADR (LK): 2.82, -1.57 -35.76%
ShiftPixy Inc. (PIXY): 7.16,-2.53 -26.11%
Liberty Media Corp. Rt (LSXMR):6.15, -1.74 -22.05%

Most active stocks

Luckin Coffee Inc. ADR (LK): 2.82, -1.57 -35.76%
Nano Dimension Ltd. ADR (NNDM): 2.96, -0.44 -12.94%
Sorrento Therapeutics Inc. (SRNE):5.70, +0.28 +5.17%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Energy was the best performing sector +3.82%, Health Care was the worst-performing sector +0.12%.

U.S. Sectors & Industries Performance for May 20, 2020
U.S. Sectors & Industries Performance for May 20, 2020

Source: https://eresearch.fidelity.com/eresearch/markets_sectors/sectors/sectors_in_market.jhtml

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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