Morning Report 3 Jun 20: US sharemarkets lifted on Tuesday

Investors balanced new bouts of global stimulus and the economic recovery against trade tensions and US civil unrest. A report that Western Union (+11.3%) has made an offer to buy smaller rival MoneyGram International (+29.7%) sent the money transfer companies shares up. Shares tied to the reopening of states outperformed. Banks' Wells Fargo (+1.1%) and Citigroup (+2.8%) both rose. Gap shares climbed 7.7%. Southwest Airlines shares rose 2.6%. The Dow Jones index rose by 267 points or 1.1%, the S&P500 index rose 0.8% and the Nasdaq lifted by 56 points or 0.6%. 

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