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June 3, 2020, 7:48 p.m. EDT

S&P 500 index futures and those for the broader market rise Wednesday evening after index notches best 50-day rally in history

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By Mark DeCambre

U.S. stock-index futures were rising Wednesday evening after the major equity benchmarks posted sharp gains in the regular session on continued hope that measures to limit the economic damage wrought by the COVID-19 pandemic will prove successful in the near term. The gains on Wednesday marked the S&P 500 index's best 50-day trading stretch, up 37.7%, ever, according to research analyst Ryan Detrick, LPL Financial analyst on Wednesday via Twitter , based on data tracking the predecessor of the S&P 500 going back to 1950. Such streaks also coincided with positive gains in the six-month and 12-month period, the analysts noted. Futures for the S&P 500 index /zigman2/quotes/209948968/delayed ES00 +1.14% Wednesday evening were up 7.55 points, or 0.2%, at 3,125, those for the Dow Jones Industrial Average /zigman2/quotes/210407078/delayed YM00 +1.58% /zigman2/quotes/212884729/delayed YMM20 -0.02% were up 103 points, or 0.4%, at 26,331, while the Nasdaq-100 futures /zigman2/quotes/210219788/delayed NQ00 +1.04% /zigman2/quotes/210219968/delayed NQM20 0.00% were gaining 14.75 points, or 0.2%, at 9,699.50. Wednesday's regular trade concluded with the Dow /zigman2/quotes/210598065/realtime DJIA +1.44% advancing 527.24 points, or 2.1%, to close at 26,269.89, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.05% rose 42.05 points, or 1.4%, to end at 3,112.87, the highest finish for both benchmarks since March 4, according to Dow Jones Market Data. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.66% rose 74.54 points, or 0.8%, ending at 9,682.91, or 1.4% away from its all-time closing high of 9,817.18 in February. On Thursday, investors will be watching for a report on weekly jobless claims where at least 1.8 million workers probably applied in the week ended May 30, according to average economists' estimates polled by MarketWatch. Market participants, however, have been shaking off poor economic reports to focus on reopening efforts. Trillions of dollars in stimulus from the Federal Reserve and the government have also helped to stabilize the market's downturn.

/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,177.00
+35.90 +1.14%
Volume: 1.38M
July 10, 2020 3:20p
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 25,976.00
+405.00 +1.58%
Volume: 228,253
July 10, 2020 3:20p
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/zigman2/quotes/212884729/delayed
US : U.S.: CBOT
$ 26,484.22
-4.22 -0.02%
Volume: 0.00
June 19, 2020 8:29a
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/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 10,839.50
+112.00 +1.04%
Volume: 519,436
July 10, 2020 3:20p
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/zigman2/quotes/210219968/delayed
US : U.S.: CME
$ 10,120.84
0.00 0.00%
Volume: 0.00
June 19, 2020 8:29a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,075.30
+369.21 +1.44%
Volume: 338.17M
July 10, 2020 4:20p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,185.04
+32.99 +1.05%
Volume: 2.40B
July 10, 2020 4:20p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,617.44
+69.69 +0.66%
Volume: 3.19M
July 10, 2020 4:30p
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