Stocks extend gains on Wall Street to a 3rd straight day
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June 3, 2020
Stocks closed broadly higher on Wall Street Tuesday, extending the market's winning streak to a third day.
The latest gains, which followed a rally in global stocks, were driven by optimism that the global economy will begin to recover as governments gradually allow businesses that were closed due to the coronavirus outbreak to reopen.
The S&P 500 closed 0.8% higher after spending much of the morning wavering. Technology, industrial and health care sector stocks accounted for a big slice of the gains. Energy stocks far outpaced the rest of the market as the price of crude oil rose again. Bond...
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