“…Nasdaq 100 sets new intraday high”
June 4, 2020
“Stocks reversed earlier losses and rose Thursday, pacing toward a fifth straight day of gains as investors looked past a new report showing new unemployment insurance claims totaled another 1.877 million last week, coming in slightly above expectations. The Nasdaq 100 rallied to a fresh intraday record.
In the S&P 500, the financials and industrials sectors – laggards for the year to date – led advances, and tech stocks held steady after paring some of their recent weeks’ worth of strong gains on Wednesday. The rotation underscored investors’ increasing confidence across industries with an economic reopening under way…”
https://finance.yahoo.com/news/stock-market-news-live-june-4-2020-221705109.html