We are not there yet

The Friday U.S. jobs report was a reminder that things are not quite back to normal. Unemployment ticked up to 6.1% as businesses added just 266,000 jobs in April—well below expectations of one million. The negative report, coupled with March’s downward revisions, ...

Recovery arrives; Let the price gouging begin

Stocks jumped to record highs this week with retail sales and weekly jobless claims signaling an accelerating recovery. Yields on benchmark 10-year Treasury notes dropped the most since February. Economic data released on Thursday showed that some parts of the U.S....

Where does the stock market go from here?

A round of late afternoon buying boosted the DJIA to another record high on Friday as rising optimism around the global economic reopening continued to encourage the rotation into cyclical stocks. But surging bond yields rekindled valuation fears in the big tech...