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Dow up nearly 400 points as jobs and services data show signs economy likely near bottom

June 3, 2020

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U.S. stocks added to their gains on Wednesday, a day after major equity benchmarks closed at their highest levels since early March, as labor and services data showed a slowdown in the pace of the economic damage wrought by the COVID-19 pandemic.

How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +1.70% advanced 392 points, or 1.5%, to 26,136, its highest since early March. The S&P 500 SPX, +1.22% rose 32 points, or 1%, to 3,112. The Nasdaq Composite Index COMP, +0.75% rose 47 points, or 0.5%, to 9,656, less than 2% away from its all-time closing high of 9817.18.

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