Weekly Bottom Line
- Covid-19 infections are surging in much of the world, prompting new restrictions in Europe and dampening market sentiment early in the week.
- U.S. data painted a clear picture of pandemic life. Inflation pressures for services hard hit by social distancing have cooled notably.
- Meanwhile, American consumers continue to snap up goods that will help them to enjoy life at home. That strength in September retailing put markets in a better mood late in the week.
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