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US stocks close higher in first session of June

Economies.com
2020-06-01 22:44PM UTC

The major US stock indices rose on Monday, despite lingering concerns over the ongoing protests in the US.

 

Tensions between the US and China have eased relatively after the US blamed China for the coronavirus origin, and the new Chinese national security law in Hong Kong.

 

Otherwise, the US manufacturing PMI rose to 43.1 points in May vs. 41.5 points in April.

 

To the oil market, West Texas Intermediate crude fell 0.1% to close at $35.44 a barrel, after it hit an intraday high of $35.9 and a low of $34.2.

 

While Brent rose 1.3% to $38.2 a barrel, with a high of $38.3 and a low of $37.1.

 

As for stocks, Dow Jones rose 0.4% or 92 points to close at 25,475 , after it hit a day high 25,508 and a low 25,220.

 

Nasdaq rose 0.6% or 62 points to 9,552 points, with a high of 9,571 and a low of 9,492.

 

S&P 500 rose 0.4% or 11 points to 3,055 points, with a high of 3,062 and a low of 3,031.

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