Stocks on Wednesday continued their June winning streak, rising even as widespread protests and unrest continued around the country over racial justice.
The Dow Jones Industrial Average opened up 232 points, or 0.9 percent, and the S&P 500 was up 21 points, or 0.7 percent.
Stocks have rebounded from pandemic-lows in March, regaining nearly two-thirds of their lost value as investors look ahead to the economic recovery.
On Wednesday, payroll company ADP estimated that payrolls declined by 2.76 million in May, significantly less than the 8.75 million economists had expected. Manufacturing was particularly hard hit, according to the report.