Protests are still going on across all 50 states
Dow Jones Industrial Average (DJI) futures are up over 250 points this morning, as the market continues to focus on the optimism surrounding the economy reopening. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also modestly in theblack, with all three indexes extending their gains after last month's ADP private sector report fell by 2.76 million in May, well short of the anticipated 8.75 million drop. Still, tense relations between the U.S. and China loom, while many statesacross the country install curfews to curb the nationwide protests.
Continue reading for more on today's market, including:
Schaeffer's Senior Quantitative Analyst Rocky White unpacks what the SPX's big rally means going forward Reopening buzz meant big gains for Planet Fitness stock.Plus, auto stocks rise on upbeat sales data; Twitter shakes up boardroom; and Campbell Soup set for post-earnings pop.Stocks largely rose in Asia on Wednesday, amid the continued easing of coronavirus-related containment measures and economies reopening. South Korea's Kospi led the charge, tacking on 2.9%, after a 35.3 trillion won ($29 billion) supplementary budgetwas unveiled. Meanwhile, Hong Kong's Hang Seng rose 1.4%, and Japan's Nikkei tacked on 1.3%. Lastly, China's Shanghai Composite was fractionally higher, finishing up 0.07%.
Stocks in Europe are climbing for the third straight session, but U.S. unrest is expected to impact investor sentiment. Once again, the biggest mover across the pond is the German DAX, last seen up 2.2%. Additionally, France's CAC 40 is up 1.8%,while London's FTSE 100 was last seen 1% higher.