1. The week ended on a somewhat positive note with record lows for the weekly unemployment claims report and U.S. daily averages of COVID-19 cases, deaths, and hospitalizations. Nevertheless, May’s job reports in the U.S. and Canada were rather disappointing. Although the U.S. Labor Department’s latest nonfarm payroll report recorded gains of 559,000 posts—lower than…
1. Volatility was at the order of the week as negotiations of a second relief package advanced. Indexes fell from record highs on Friday as U.S. Congress failed to pass a new stimulus package. The Dow fell 120 points, and Friday’s session put an end to three consecutive days of gains for the S&P 500.…
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