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Reuters Company NewsJun 03, 2020
US STOCKS-Wall Street closes sharply higher on signs of economic rebound
Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.

MarketWatch MarketPulseJun 03, 2020
S&P 500 index futures and those for the broader market rise Wednesday evening after index notches best 50-day rally in history
U.S. stock-index futures were rising Wednesday evening after the major equity benchmarks posted sharp gains in the regular session on continued hope that measures to limit the economic damage wrought by the COVID-19 pandemic will prove successful in the near term. The gains on Wednesday marked the S&P 500 index's best 50-day trading stretch, up 37.7%, ever, according to research analyst Ryan Detrick, LPL Financial analyst on Wednesday via Twitter, based on data tracking the predecessor of the S&P 500 going back to 1950. Such streaks also coincided with positive gains in the six-month and 12-month period, the analysts noted. Futures for the S&P 500 index Wednesday evening were up 7.55 points, or 0.2%, at 3,125, those for the Dow Jones Industrial Average were up 103 points, or 0.4%, at 26,331, while the Nasdaq-100 futures were gaining 14.75 points, or 0.2%, at 9,699.50. Wednesday's regular trade concluded with the Dow advancing 527.24 points, or 2.1%, to close at 26,269.89, while the S&P 500 rose 42.05 points, or 1.4%, to end at 3,112.87, the highest finish for both benchmarks since March 4, according to Dow Jones Market Data. The Nasdaq Composite Index rose 74.54 points, or 0.8%, ending at 9,682.91, or 1.4% away from its all-time closing high of 9,817.18 in February. On Thursday, investors will be watching for a report on weekly jobless claims where at least 1.8 million workers probably applied in the week ended May 30, according to average economists' estimates polled by MarketWatch. Market participants, however, have been shaking off poor economic reports to focus on reopening efforts. Trillions of dollars in stimulus from the Federal Reserve and the government have also helped to stabilize the market's downturn.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Yahoo BusinessJun 03, 2020
Here's why stocks keep rallying despite civil unrest, lousy ADP data
Optimal Capital Director of Strategy Frances Newton Stacy joins Yahoo Finance's Kristin Myers to discuss the outlook for the U.S. economy amid disappointing economic data and civil unrest.

MarketWatchJun 03, 2020
Europe Markets: European stocks rise for third straight session, with investors cheered by China data
European stocks extended gains for a third day on Wednesday as investors looked past U.S. unrest to data indicating more economic strength as global pandemic lock downs unwind.
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