Five-Week High

Yesterday the S&P 500 closed at a five-week high, and it’s up again today. The index is very close to the high from June 8 which is currently the highest close since the rally started on March 23.

This morning’s industrial production report showed an increase of 5.4% for June. That’s quite good although we’re still well below the high from a few months ago.

From the WSJ:

The data suggest U.S. industries have started a slow recovery from April’s record decline. Despite the recent gains, the index for the second quarter as a whole fell at an annual rate of 42.6%, the largest quarterly decrease since World War II.

We have news on Church & Dwight (CHD), Moody’s (MCO) and Danaher (DHR).

Posted by on July 15th, 2020 at 11:38 am


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