The S&P 500 finished at 3,232.39, up nearly 1.2 percent, to erase its losses for the year. The Dow Jones industrial average also had a big day, jumping 461 points, or 1.7 percent, to close at 27,572.44. The federal government has fed trillions into the economy to keep it from descending into a depression. The Nasdaq 100, an index of the biggest nonfinancial stocks, has hit a record on big advances by American Airlines, United Airlines, Wynn Resorts, Marriott International and Liberty Global. Aerospace giant Boeing has staged a remarkable recovery, closing up 12.30 percent Monday at $230.50 as it led the Dow.

Source: Washington Post June 08, 2020 19:31 UTC