Why the S&P 500 isn’t being punished despite U.S. inability to contain COVID-19

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“Here’s a weird twist on American exceptionalism — U.S. stocks, as measured by the benchmark S&P 500 index, are holding their own versus European rivals, even though U.S. coronavirus cases are surging again and threatening the economic recovery while European countries appear to largely have the outbreak under control,” MarketWatch.com reports

The number of new cases in the U.S. continues to rise, while most Western European countries have seen the number hold steady or fall over the past two weeks, according to a New York Times tracker.

 
 

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