June 5, 2020

The markets opened higher and never looked back, with all three major indexes finishing the day up over 2%. This was due to the unemployment rate unexpectedly dropping

Dow Jones +829 at 27,111

S&P 500 +82 at 3,194

NASDAQ +198 at 9,814

The 10 Year Treasury closed up 8 basis points yielding 0.90%

Oil prices closed up $1.95 ending at $39.34 a barrel

Gold prices closed down $39 ending at $1,688 an ounce

The days’ stock news:

Shares of airline companies like United, American, and Delta all flew higher as demand continues to rebound faster than expected, despite being well below normal levels.
Broadcom beat revenue estimates for its latest quarter. The company said it only had a limited impact from Covid-19 and saw a surge in demand from cloud customers. However, it did give a below estimated current-quarter revenue forecasts.
Gap shares increased over 1% despite missing earning expectations by a wide margin. The retailer’s revenue was also below forecasts.