The S&P 500 rose nearly 38% from its lowest in March
Last updated: Tuesday June 02, 2020 KSA 18:52 – GMT 15:52
Posted on: Tuesday June 02, 2020 KSA 17:44 – GMT 14:44
Source: Arabic.net
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The S&P 500 and Dow Jones US stocks rose to their highest levels in three months in today’s trading amid optimism about the reopening of the business.
US stocks opened higher on Tuesday as optimism over the reopening of companies overshadowed concerns over further unrest triggered by protests in the country over the killing of a black man in police custody.
The S&P 500 rose nearly 38% from its lowest level in March, leaving it 11% lower than its record high on February 19.
The Dow Jones industrial average rose 107.50 points, or 0.42%, to 25,582.52 points. The S&P 500 rose 9.05 points, or 0.30%, to 3,064.78 points.
The Nasdaq Composite gained 14.48 points, or 0.15%, to 9,566.53 points.
With this rise, optimism remains cautious amid continuing unrest against protests against racism in the United States.
The rallies included some of the corona’s worst-hit stocks, such as American Airlines, United Airlines, Norwegian Cruise Line and Carnival.
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