BLRX

27 May: Stock market news for May 26, 2020

Stock market news May 26, 2020 “Dow closes up 500 points, tests 25,000 level, on recovery hopes and vaccine news. U.S. stocks finished higher Tuesday, but off key levels following a long holiday weekend, as investors were emboldened by fresh coronavirus vaccine news and signs that global economies are crawling back from the pandemic shutdown. How did benchmarks perform?The Dow Jones Industrial Average DJIA, +2.16% climbed 529.95 points, or 2.2%, to end at 24,995.11, after trading above 25,000 earlier in the session. The S&P 500 index SPX, +1.22% rose 36.32 points, or 1.2%, to close at 2,991.77, shy of its 200-day moving average of 2,999.81, according to FactSet data. The 200-day moving average is viewed by market technicians as a dividing line between long-term bullish and bearish trends. Meanwhile, the Nasdaq Composite COMP, +0.16% gained 15.63 points, or 0.2%, finishing at 9,340.22. The Dow finished the session 15.4% off its…