Dow Jones jumps over 500 points, closes above 26,000

US stocks rose on Wednesday, as investors remained focused on the economic reopening measures, and ignored the ongoing riots and protests in several US states.

ADP data showed that the US private sector has lost 2.76 million jobs in May, significantly lower than forecasts of -9 million jobs, and the ISM service PMI rose to 45.4 points in May vs. 41.8 points in April.

While the US Department of Labor will reveal the monthly jobs report on Friday, amid forecasts for more jobs losses.

To the oil market, West Texas Intermediate crude rose 1.3% to close at $37.29 a barrel, after it hit an intraday high of $38.1 and a low of $35.8.

Brent fell rose 0.6% to $39.76 a barrel, with a high of $40.5 and a low of $38.7.

As for stocks, Dow Jones surged 2% or 527 points to close at 26,270, after it hit a day high 26,337 and a low 25,906.

Nasdaq rose 0.7% or 74 points to 9,683 points, with a high of 9,707 and a low of 9,623.

S&P 500 rose 1.3% or 42 points to 3,123 points, with a high of 3,130 and a low of 3,098.