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04 Jun: Stock market news for June 3, 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.”

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%).

Cinedigm Corp. (CIDM) stock daily chart
Cinedigm Corp. (CIDM) stock

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 +97.26%
Global Eagle Entertainment Inc. (ENT): 3.80,+ 1.62 +74.31%

Stock losers

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%.

U.S. Sectors & Industries Performance for June 3, 2020
U.S. Sectors & Industries Performance for June 3, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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