Obama Speaks, AMC Struggles & The New York Times Climbs – Retiring? What Are IRA’s – Daily Financial News Summary For Wednesday, June 3, 2020

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Obama Speaks AMC Struggles amp The New York Times Climbs Daily Financial News Summary for Wednesday June 3 2020 Stocks rose again on Wednesday as cautious hope for the reopening of the economy continued The S amp P 500 and the NASDAQ both saw their fourth day of increases in a row at 1 4 and 0 8 respectively The Dow Jones finished the day at 2 1 higher Health officials have been worried that the continuing protests which continued today in the United States might result in a surge of new infections from Covid19 However the confirmed number of cases has stayed consistent from Tuesday to Wednesday rising 1 2 between the two days Oil prices reached a 12-week high today West Texas Intermediate rose by 1 3 to settle at 37 29 per barrel A report released from Automatic Data Processing showcased that the number of lost jobs fell significantly from April to May In April 20 2 million jobs were lost In May only 2 76 million jobs were lost Economists had previously estimated that the loss of jobs in May would be closer to 8 5 million The Labor Department s employment report is set to be released on Friday which will provide a more accurate count Zoom continued to rise in value on Wednesday as the company released its sales and earnings data earlier this week Zoom reported a net income of 27 million this quarter as compared to 200 000 this time last year This has resulted in their sales growing by 169 as more businesses use Zoom in lieu of face-to-face meetings Zoom s share price rose by 7 58 AMC EntertainmentHoldings Inc is still seeing losses as movie theaters remain closed to the public A representative from AMC spoke about expecting a loss for the first quarter of 2020 as its share price fell by 2 5 READ MORE https callputstrike com 2020 06 03 obama-speaks-amc-struggles-the-new-york-times-climbs-daily-financial-news-summary-for-wednesday-june-3-2020 Investing amp Retirement Different Types of IRAs READ MORE https callputstrike com 2020 05 05 investing-retirement-different-types-of-iras Business Education Investing Market Insider News Stock Market Trader Talk — This episode is sponsored by Anchor The easiest way to make a podcast https anchor fm app — Send in a voice message https anchor fm callputstrike message Support this podcast https anchor fm callputstrike supportClick here to visit this podcast episode

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