Stocks Dropped Last Week But Data Confirmed Economic Recovery

Published Friday, September 18, 2020, 8:30 PM EST

Stocks dropped 1.1% today and closed slightly lower from a week ago. It was the third consecutive week that the Standard & Poor's 500 declined, as the U.S. economy's Covid recovery continued but at a slightly less robust pace than had been expected. The U.S. economy's recovery from the infection is a bit slower and more difficult than had been expected, but the recovery is underway, according to the new data. Retail sales, housing starts, and the leading economic indicator index all came in this past week slightly lower than expected. However, they all confirmed the economy is recovering, and that's...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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