Stock market update for May 28, 2020

Stock market update

At 2:18 PM, ET time today the US stock market is up, but small-cap stocks underperform today. The latest stock market update is:

S&P 500: 3,064.45,+28.32(+0.93%)
Dow 30: 25,715.67,+167.40(+0.66%)
Nasdaq: 9,502.26,+89.90(+0.96%)
Russell 2000: 1,431.58,-4.78(-0.33%)

Stock market ignores the bad economic news

“A new report this morning showed new unemployment claims totaled a slightly greater than expected 2.123 million last week, though continuing claims for the prior week pulled back from a record high and fell for the first time during the pandemic. Meanwhile, first-quarter gross domestic product (GDP) was downwardly revised to show a 5.0% annualized decline, from the 4.8% previously reported.”

Source: https://finance.yahoo.com/news/stock-market-news-live-may-28-2020-221546588.html

Stocks that move today

ARCA biopharma, Inc. (ABIO) stock is surging today more than 250%, with a stock price of 15.14+11.19 (+283.28%). HP Inc. (HPQ) stock is declining more than 11%, its stock price is at 15.17-1.95 (-11.39%). All stock quotes as of 2:23 PM EDT. Stock market open.

Stock market data: Yahoo Finance

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