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Dow Jones Today Sags, Nasdaq Rises After Jobless Report; Boeing, Airlines Rally: Lights Back On In Vegas - Investor's Business Daily

Dow Jones Today Sags, Nasdaq Rises After Jobless Report; Boeing, Airlines Rally: Lights Back On In Vegas - Investor's Business Daily

Jun 04, 2020 2 mins, 0 secs

And Boeing jetted to the top of the Dow Jones today on an Amazon announcement.

The restart ends a 78-day gambling hiatus forced by the coronavirus pandemic, although not all casinos restarted Thursday morning. Certain amenities, including buffets and shows, remain closed, according to the Las Vegas Review Journal.

Join IBD experts as they analyze actionable stocks in the coronavirus stock market rally on IBD Live.

The stock market has moved higher on five of the nine jobless reports since the start of April, with the Dow averaging a 0.4% gain across those nine Thursdays.

Exxon Mobil (XOM) and Chevron (CVX) sank to the bottom of the Dow, each down about 1.7%. Boeing (BA) rallied 5.8% on the Dow Jones today, following its 13% surge on Wednesday.

A three-day rally put Boeing stock up 18.7% for the week through Wednesday, as shares hustle to log their third-straight weekly advance.

Worldwide, the number of newly confirmed coronavirus cases jumped 122,045 in the 24 hours to Thursday morning, as Brazil reported more than 26,000 new patients, according to Worldometer.

That put the cumulative count above 1.9 million, just under 29% of the global total.

share of global deaths due to the coronavirus just above 28%.

Current cases at the end of Wednesday stood at just above 1.1 million, down more than 6% from the May 30 peak.

Premarket action showed the Dow Jones today poised to snap a five-day advance.

The Nasdaq is comfortably beyond its 200-day line, and the S&P 500 retook support at the moving average last week.

The Dow remains the stock market holdout, tapping the brakes on the market's confirmed uptrend begun on April 2.

For more detailed analysis of the current stock market and its status, study the Big Picture.

The index's overall chart action reflects that of the stock charts within the index. Among the Dow's top-weighted stocks, Apple (AAPL), UnitedHealth Group (UNH) and Home Depot (HD) are all trading well above their 50-day and 200-day lines.

The three stocks represent just over 23% of the index weight, as of Wednesday.

The Big Picture: Did The Bears Miss This Factor.

Coronavirus Stock Market Survival Guide.

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