6/3, 8:45 PM (Source: TeleTrader)
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Dow Jones rallies over 500 points

Stocks extended gains on Wednesday with the Dow Jones climbing above 500 points as the session on Wall Street neared its final hour.

Hopes of an economic recovery from the coronavirus pandemic coupled with fewer-than-expected job losses, as reported by the ADP earlier in the day, pushed equities higher. Meanwhile, the riots over the death of George Floyd subsided in several major cities.

The blue-chip index added 500 points at 2:45 pm ET. Boeing led the gains as the plane-manufacturer surged over 13%. At the same time, the S&P 500 jumped 1.33%, while the Nasdaq 100 gained 0.45%.

Breaking the News / JC