Stocks Gain Nearly 2% As Virus Continues Receding

The S&P 500 closed last Friday at 3,768.25 and closed at 3,841.47 this afternoon. The week started out promising enough when Goldman Sachs shattered expectations. Other financial earnings appeared to show that the financial industry, based on the adjustment of its Loan Loss Provision (LLP) sees the worst of the economic downturn behind us. Boy, we sure hope they are correct. In other positive news, the Philadelphia Federal Reserve’s business condition index jumped to 26.5 in January from ...

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