Daily Market Commentary

September 10, 2020

Bonds
The S&P 500 churned higher even after data showed cracks in recent labor-market strength. The Nasdaq 100 extended its climb back from a three-day selloff of 11%, with Apple Inc. and Tesla Inc. rallying for a second session. Treasuries declined, while gold advanced with the weaker dollar.

Economy
Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.

World
Western Europe has surpassed the U.S.in new daily Covid-19 infections, re-emerging as a global hotspot after bringing the pandemic under control earlier in the summer.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

 

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