US markets continue to push higher. After closing at a multi-week high Monday, the S&P 500 is looking at a strong start this morning. There are no major news drivers other than continued planning around a staged reopening of the economy. Asian markets were broadly higher overnight, while European markets were showing strength at midday, with the US dollar weakening against major international currencies.
New COVID-19 cases stabilize. Since the first week of April, the number of new cases in the United States has remained fairly steady, even as the testing ramped up significantly. This is an encouraging sign that led us to adjust our Road to Recovery Playbook April 27. We discuss the latest trends in COVID-19 later today on the LPL Research blog.
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