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US stocks continue to rise, shrug off riots across the country

Economies.com
2020-06-03 13:49PM UTC

The major US stock indices rose on Wednesday, despite the continuing civil unrest in several US cities and states.

 

While investors were focusing about the US economy continued reopening measures and the easing the coronavirus lockdown, after closing for several months.

 

ADP data showed that the US private sector has lost 2.76 million jobs in May, significantly lower than forecasts of -9 million jobs.

 

US President Donald Trump has criticized state governors, describing some of them as weak for not "dominating" the streets by tougher measures.

 

As for stocks, Dow Jones rose 0.9% or 150 points to 25,985 as of 13:47 GMT, Nasdaq rose 0.4% or 45 points to 9,651, and S&P 500 rose 0.8% or 23 points to 3,104.

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