June 4, 2020
Stock market news
“Dow Jones Industrial Average rises 527 points
The Dow surged 527.24 points, or 2.05%, to close at 26,269.89. The S&P 500 gained 1.36% to end the day at 3,122.87. The Nasdaq Composite rose 0.78% to 9,682.91. Better-than-expected data sent stocks flying as traders bet the worst from the economic slowdown is in the rear-view mirror.
Data comes in better than expected
ADP and Moody’s Analytics reported private payrolls fell by another 2.76 million in May. The ADP number was far less than the 8.75 million estimate. Data from the Institute for Supply Management showed the U.S. services sector contracted less than expected, rebounding from an 11-year trough.”
Cinedigm Corp. (CIDM) stock surged more than 70%, closing at 1.3100+0.5815 (+79.82%).
Stocks that were top gainers, top losers and most active:
FSD Pharma Inc. (HUGE): 7.39,+ 4.29 +138.39%
Genius Brands International Inc. (GNUS): 7.93, +3.91 +97.26%
Global Eagle Entertainment Inc. (ENT): 3.80,+ 1.62 +74.31%
Hebron Technology Co. Ltd. Cl A (HEBT): 14.29, -8.26 -36.63%
Evofem Biosciences Inc. (EVFM): 3.42, -1.24 -26.61%
Ameri Holdings Inc. (AMRH): 2.30, -0.57 -19.86%
Most active stocks
Genius Brands International Inc. (GNUS): 7.93,+ 3.91 +97.26%
NIO Inc. ADR (NIO): 5.60,+ 0.90 +19.15%
General Electric Co. (GE): 7.36,+ 0.31 +4.40%
Stock market source: https://www.wsj.com/market-data/stocks
Stock Market, U.S. Sectors & Industries Performance
Industrials were the best performing sector +3.81%, Health Care was the worst-performing sector -0.20%.