"There is little in the way of fundamental developments to support the move higher, although given the amount of weakness recently, we were due a relief rally," wrote ING's Warren Patterson in a Friday note.
Prices have also been supported by renewed tension between the US and Iran, he said, but willInvestors also looked to companies reporting first-quarter earnings, the first reports to show early impact of the coronavirus pandemic on business. Shares of
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hblodget Further proof the stock exchange is a joke. 26 million people are still out of work and cannot pay rent, let alone spend money eating out or at movies, yet the Dow still keeps gaining.
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