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.
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