June 3, 2020

Stocks opened higher for a second straight morning and continued higher throughout the day as investors remain optimistic about the reopening of the economy.

Dow Jones +527 at 26,270

S&P 500 +42 at 3,123

NASDAQ +75 at 9,683

The 10 Year Treasury closed up 8 basis points yielding 0.76%

Oil prices closed up $0.10 ending at $36.91 a barrel

Gold prices closed down $34 ending at $1,700 an ounce

The days’ stock news:

Shares of Campbell Soup dropped 6% despite beating earnings and revenue forecasts. Campbell also raised its full-year guidance, noting an increase in demand across all its brands amid the pandemic.
Amazon is planning a summer sale event that would kick off June 22. This event is designed to help sellers who have been hurt by the pandemic and the postponement of Prime Day.
Shares of car manufacturers such as Ford, Toyota and General Motors all moved at least 2% higher after the research firm Autodata reported that May auto sales were better-than-expected