- Stocks pulled back this week and were unable to
add to historic gains from the previous week as the
war against the COVID-19 pandemic wages on.
Stabilization of US cases remains elusive, though
evidence has emerged that the worst of Europe’s
crisis may have passed.
- The S&P 500 Index lost 2.1% for the week, but
remains about 11% off the March 23 lows. Among
the major indexes we track, the Nasdaq was the top
performer, as growth and technology-oriented
stocks resumed their outperformance.