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04 Jun: Stock market news for June 3, 2020

Stock market news “Dow Jones Industrial Average rises 527 pointsThe 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 expectedADP 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.” Source: https://www.cnbc.com/2020/06/03/what-happened-to-the-stock-market-wednesday-economic-data-lifts-stocks.html Stock movers Cinedigm Corp. (CIDM) stock surged more than 70%, closing at 1.3100+0.5815 (+79.82%). Source: Stockscharts Stocks that were top gainers, top losers and most active: Stock gainers FSD Pharma Inc. (HUGE): 7.39,+ 4.29 +138.39%Genius Brands International Inc. (GNUS): 7.93, +3.91…