US stocks edge up as market digests protests, reopenings

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NEW YORK (AFP) - Wall Street stocks edged higher early Monday (June 1) as markets digested a weekend of civil rights protest across the US as the country began to reopen after weeks of coronavirus shutdowns.. Read more at straitstimes.com.

NEW YORK - Wall Street stocks edged higher early Monday as markets digested a weekend of civil rights protests across the US as the country began to reopen after weeks of coronavirus shutdowns.The broad-based S&P 500 added 0.2 per cent at 3,051.69 while the tech-rich Nasdaq Composite Index gained 0.5 per cent to 9,534.87.

The protests - some of which turned violent - come as Latinos and African Americans have suffered disproportionate rates of death and hospitalisation from the coronavirus outbreak. Despite the attention commanded by the protests,"history shows markets look through many sorts of tumultuous events and have done so for decades," said a note from Nicholas Colas of Datatrek Research.

 

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