Market Update, Thursday, June 4, 2020

Mortgage origination flows were slightly down, roughly 5% day over day at $8.42B vs $8.84B. U.S. equities closed higher with the S&P 500 Index closing up by +42.05 points ending at 3,122.87, the DIJA gaining +527.24 points closing at 26,269.89, while the NASDAQ increased by +74.54 points closing at 9,682.91. Stocks opened mixed as new unemployment claims reported fell to 1.88 million indicating a reduction in job losses. Investors for the most part are still looking past a week a civil unrest and tensions with China and will focus on the US labor report on Friday.