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NASDAQ Moves into Positive Territory for the Year Amidst More Negative Economic News

NASDAQ Moves into Positive Territory for the Year Amidst More Negative Economic News

Top economic developments

  • The major U.S. stock markets had a good week, driven by the larger tech-stocks but also by the Energy sector

  • NASDAQ rocketed to a gain of 6%, pushing its YTD return into positive territory and further distancing it from the YTD returns of the S&P 500 and the DJIA

  • The smaller-cap Russell 2000 performed very well, leaping 5.5% on the week, followed by the 3.5% gain of the S&P 500 and the 2.6% gain in the DJIA

  • Most of the economic news this week leaned toward the negative, but the markets kept looking past the negative headlines as states began to selectively open back up for business

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