Market is on a hot streak | Is the recession already over? | Trump China airline ban

Stocks rose sharply on Wednesday as the economy continues to reopen.

VIEW IN BROWSER | SUBSCRIBE WED, JUN 03, 2020 EVENING BRIEF AS OF WED, JUN 03, 2020 • 04:29 ET DJIA 26269.89 +2.05% +527.24 S&P 500 3122.87 +1.36% +42.05 NASDAQ 9682.91 +0.78% +74.54   Most Active DOW NAME LAST CHG %CHG BA 173.16 +19.85 +12.95% PFE 36.16 UNCH UNCH MSFT 185.36 +0.45 +0.24% S&P 500 NAME LAST CHG %CHG GE 7.36 +0.31 +4.40% F 6.19 +0.29 +4.92% BAC 25.99 +1.15 +4.63% NASDAQ NAME LAST CHG %CHG AAL 11.85 +0.63 +5.62% UAL 33.65 +3.74 +12.50% AMD 52.73 -0.81 -1.51% EDITOR'S NOTE Three trading days into June and the Dow Jones Industrial Average is already up more than 3% for the month, including a gain of more than 500 points on Wednesday.   The index rose 11.08% in April and 4.26% in May so it's a healthy start to June after two very solid months.   The S&P 500 has jumped each of the last four days, its longest winning streak since early February.    "The Covid-19 recession is over," declared Mark Zandi, chief economist at Moody's Analytics, with a few caveats. Indeed, the all-clear has not been sounded on the coronavirus pandemic or the economy, but things have been going from bad to not-as-bad as we might have thought.   Private payrolls as tallied by ADP and Moody's Analytics fell by another 2.76 million in May - which was fewer than the 8.75 million expected. The U.S. services sector also contracted less than expected, data from the Institute for Supply Management showed.   We just have to beware "a major second wave, or real serious policy errors," Zandi said.  "The recovery will be a slog until there's a vaccine or therapy that's distributed and adopted widely."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow rallies 500 points, heads for 3-day winning streak on hope of economic recovery Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared 'The Covid-19 recession is over,' says economist Zandi as May job losses not as bad as feared Trump administration bans Chinese passenger airlines from flying to U.S. Biden blows past Trump in betting markets as protests over police brutality continue 3 more cops charged in George Floyd death, other officer's murder charge upgraded, Sen. Klobuchar says Track the latest coronavirus news here Morgan Stanley says Apple could climb to $340 thanks to 'strong' App Store sales Why the first SpaceX astronaut launch marks a crucial leap for NASA's ambitions This is the greatest 50-day rally in the history of the S&P 500     TOP VIDEO J&J CEO Alex Gorsky on corporate responsibility to address racial inequality   CNBC PRO Value investor Bill Nygren says he likes banks and these popular internet stocks   SPECIAL REPORTS Nasdaq 100 nears record, and traders agree one lagging component can catch up Weak consumer spending is overtaking the coronavirus as the biggest market risk, Crossmark's Victoria Fernandez suggests   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS