A choppy day on Wall Street ended Monday with the Standard & Poor's 500 and Dow Jones industrial average notching new highs after recovering from an early slide.
A choppy day on Wall Street ended Monday with the Standard & Poor’s 500 index and Dow Jones industrial average notching new highs after recovering from an early slide.
Traders shifted money into U.S. bonds, which helped drag bond yields lower. Small-company stocks fell, knocking the Russell 2000 index 0.9% lower. Nearly twice as many stocks in the New York Stock Exchange fell than rose.With international tourism languishing, businesses along Hollywood Boulevard are finding success courting domestic travelers.
The concerns are being heightened as students head back to school or prepare to head back at the end of August. School shutdowns because of the virus could crimp a recovery in the job market if parents have to stay home. A resurgence could also stifle the recovery for many businesses that rely on people leaving their homes to eat, shop and get other services.
The collapse of the Afghan government over the weekend was also on investors’ minds. While the economy of Afghanistan is small, the country is located in a delicate part of the world, sandwiched between the economic giants of South and East Asia and the oil-rich Middle East.
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