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28 May: Stock market news for May 27, 2020

Stock market news May 27, 2020 “Stocks Climb as Optimism Builds. The Dow Jones Industrial Average surged above 25000 on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery. Major indexes were again powered by economically sensitive shares in the financials and industrials sectors. U.S. stocks surged Wednesday, climbing to levels not seen since early March, on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery. The Dow Jones Industrial Average rose 553.16 points, or 2.2%, to 25548.27—marking the first time since early March that the blue-chip index has closed above the 25000 mark. The index was powered by gains in American Express, Goldman Sachs and JPMorgan Chase, all of which climbed more than 5%.” Source: https://www.wsj.com/articles/global-markets-0527-11590553761 Stock market closing numbers on May 27, 2020 S&P 500: 3,036.13,+44.36(+1.48%)Dow 30: 25,548.27,+553.16(+2.21%)Nasdaq: 9,412.36,+72.14(+0.77%)Russell 2000: 1,438.12,+45.05(+3.23%) Stock…