Stocks rise on jobs data and S&P 500 weekly gain
Wall Street closed higher as a jobs report showing continued labor-market improvement supported gains. The S&P 500 rose 0.5, marking a fourth straight advance and a 4 percent weekly rise. the Nasdaq hit a new high as tech gains led. Energy stocks climbed with higher oil. investors weighed COVID-19 case spikes in Florida and Texas against an improving economy.
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Brad McMillan
Common ‘Wealth Financial Network
Protests Show Little Evidence of Driving U S Coronavirus Spread
A study of 281 cities after George Floyd protests finds only one of 13 early heavy protest cities, Phoenix, shows case rises linked to protests. Experts caution other factors and incomplete data make exact impact hard to measure. Houston and Madison saw increases, but multiple variables cloud causation.
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Bentley University
National Bureau of Economic Research
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Houston
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Floyd
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Texas
Umair Shah
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White House
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