With the S&P 500 having fully recovered its losses since the March dip, investors are now searching for new catalysts that could continue to fuel this unprecedented rally.
There’s likely more upside for US stocks as investors factor in American economic growth prospects and the COVID-19 vaccine outlook, according to Goldman Sachs Group. Equities closed higher last week, as the S&P 500 flirted with record levels that had been hit in February. The benchmark index ended the week up 0.6% at 3,372.
According to Bloomberg data, it took just 175 days for the index to go from peak to trough to peak, a recovery that has come faster than any comparable one in the past. Read more…..
Chart of the Day
Berkshire Hathaway’s chairman and CEO Warren Buffett sat down with CNBC’s Becky Quick on Monday to answer viewer questions and discuss the top news stories of the morning.