Happy mood continues on Wall Street | Financial

The Dow Jones index ended 1.1% higher. Technology fair Nasdaq rose 0.6%. The broad composite S&P 500 index climbed 0.8%.

Violent protests and riots have been going on around the US for days following the death of unarmed black man George Floyd in Minneapolis following his brutal police arrest. President Donald Trump has announced that he is going to crack down on the rioters and deploy military personnel to stop the riots and looting. In addition, he announced a curfew that will be strictly enforced.

Facebook

Facebook (+ 0.4%) was once again in the spotlight. Numerous Facebook employees have resigned because the social medium posted a controversial message from Trump without a comment. It is about the President’s words: “when the looting begins, the shooting begins” in response to the riots. Facebook CEO Mark Zuckerberg remains behind his decision to post the Trump post on the platform without comment, even after consulting human rights organizations.

Smith & Wesson

Firearm manufacturers ended higher due to social unrest. Smith & Wesson Brands rose over 10%, while Sturm Ruger gained 4.4% more. Listed weapons and ammunition companies have been on the rise for some days due to the sometimes violent protests against racism and police brutality.

Aviation Shares

Companies in the travel and tourism sector were on the rise due to hopes of recovery from the corona crisis. These included airlines such as Delta Air Lines (+ 0.9%), American Airlines (+ 1%) and United Airlines (+ 1.5%).

Western Union

Payment service provider Western Union (+ 11.3%) was met with interest following reports that the company plans to acquire its smaller rival MoneyGram (29.7%). According to Bloomberg news agency, MoneyGram has suffered greatly from the corona crisis.

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