Leisure & Hospitality and Construction came back strong, hiring back many of the employees who had been laid off.

The Nasdaq 100 index hit an all-time high in intraday trading on June 4, becoming the first major U.S. index to reach record highs after coronavirus plunge.

This is still a huge number for new unemployed Americans in one week, but has come down from the previous week's 2.126 million, and well off the pace we saw in late March.

As regular economic data continues to depict a recessionary environment, the stock market is keeping its focus on the future.

4 Factors Driving The Stock Market Higher

For May, 2 million jobs were lost in the Services sector, with Goods losing 794K.

Wall Street has staged a comeback since late March, leaving behind the rest of the world.

The Dow posted is first day higher in the last 3 days -- finishing +0.36% as of the closing bell. The S&P 500 went up likewise: +0.38%.

These ETF areas have gained or lost assets in the month of May.

Increased levels of stress both at home and abroad aren't exactly being shrugged off by the market, but they're not being particularly negatively affected either.