US: Stocks end up on optimism about vaccines, reopenings

Consumer confidence stabilized in May after two months of sharp declines as shoppers said they were more upbeat about the future, according to a survey from the Conference Board.

At a banking conference, JPMorgan Chase chief executive Jamie Dimon described US consumers as in relatively"good shape" considering the spike in unemployment. Dow member Merck gained 1.2 per cent after announcing a series of initiatives in response to the coronavirus, including the acquisition of privately-held vaccine company Themis.

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