Reopening Optimism Holds06/01/2020

Share:

Latest - Insights Latest - Insights Latest - Insights Latest - Insights Latest - Insights

May 25 – 29, 2020 Recap

China Tensions Trim Gains
Equities rallied into the close Friday for a second straight week as optimism over restarting American businesses overshadowed a flurry of market challenges, most recently harsh U.S. rhetoric against China. In an address Friday, President Trump rebuked Beijing over its shortcomings in containing the pandemic breakout and plans to remove autonomy in Hong Kong. Wall Street took comfort he stopped short of calling for direct sanctions.

Weekly Performance
For the week, the Dow Industrials advanced 3.75%, the S&P 500 rose 3.04%, and the Nasdaq Composite added 1.79%. The Russell Mid Cap Index performed best, up 4.32%. The S&P 500 has rebounded over 36.5% from its March 23 closing low and ended the week just 9.6% below its February 19 all-time high.

Latest - InsightsCIM Weekly Recap 060120.pdf Latest - Insights

The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.

Drop Us a Line

Looking to be part of something more? Get in touch to learn about the benefits of affiliating with Cetera and start taking the next steps to a stronger future.