Summary List Placement The S&P 500 and Nasdaq composite extended records on Wednesday after closing at all-time highs on Tuesday. The rally ...
Traders will get further information on the economic recovery later this week. The Labor Department will release weekly jobless-claims data on Thursday, and the August jobs report is due on Friday. The report is expected to show that the US added back jobs in August, but slower than in previous months.
While the stock-market recovery from March lows has been fueled by technology companies and low interest rates,"there is hope that the data will start to give more cause for optimism as governments and business seek to make a success of the reopening," Craig Erlam, a senior market analyst at Oanda, said in a Wednesday note.
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