US stocks close higher, shrug off massive unrest

2020-06-03 00:20:43 GMT (Economies.com)
US stocks close higher, shrug off massive unrest

The major US stock indices rose on Tuesday, as investors ignored the ongoing riots and protests in several US states.

 

US President Donald Trump has threatened military intervention to "dominate" the streets, after an African-American citizen was killed by a policeman.

 

While investors were optimistic about the US economy continued reopening measures, which could lead to easing the coronavirus crisis impact and will gradually lead to recovery.

 

However, a survey by the Federal Reserve showed that the GDP will shrink by 52.8% in the second quarter of this year.

 

To the oil market, West Texas Intermediate crude rose 3.9% to close at $36.81 a barrel, after it hit an intraday high of $36.81 and a low of $35.2.

 

Brent rose 3.3% to $39.57 a barrel, with a high of $39.57 and a low of $38.2.

 

As for stocks, Dow Jones rose 1% or 267 points to close at 25,742, after it hit a day high 25,743 and a low 25,533.

 

Nasdaq rose 0.6% or 56 points to 9,608 points, with a high of 9,611 and a low of 9,472.

 

S&P 500 rose 0.8% or 25 points to 3,081 points, with a high of 3,081 and a low of 3,051.

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
US
 
Europe
 
Asia