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On Wednesday, June 5th, U.S. stock markets closed higher, with the S&P 500 and Nasdaq setting record closing highs. This was driven by robust performances in technology stocks and buoyed by economic indicators that suggest the Federal Reserve may begin easing its policies soon.
Economic data showed that private U.S. businesses added 152,000 jobs in May, below expectations of 173,000 and 192,000 in April. Meanwhile, the ISM services PMI rose to 53.8, the highest in nine months and above the forecast of 50.8.
Technology stocks led the S&P 500 sectors’ gains, followed by communications and industrials, while consumer staples trailed.
The Dow Jones Industrial Average was up 0.25% and closed at 38,807.33. The S&P 500 gained 1.18%, ending the day at 5,354.03, and the Nasdaq Composite rose 1.95%, finishing the session at 17,186.38.
Asian Markets Today
Eurozone at 06:15 AM ET
Commodities at 06:15 AM ET
US Futures at 06:15 AM ET
Dow futures were down 0.04%, S&P 500 futures slid 0.01%, and Nasdaq 100 Futures rose 0.08%.
Forex at 06:15 AM ET
The U.S. Dollar Index declined 0.04% to 104.22, USD/JPY was down 0.11% at 155.92, and USD/AUD fell 0.05% to 1.5038.
Photo by Pavel Bobrovskiy via Shutterstock
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