Investors have cast the nearly relentless drumbeat of bad news aside to focus on any signs that the worst of the coronavirus pandemic might be over
A worker sits behind a barrier at the gift shop for the Democratic National Convention at the Hyatt Regency Milwaukee in Milkwaukee, Wis., Aug. 17, 2020. On Tuesday, undying optimism propelled the market to a new high, pushing it past a milestone reached only six months ago, when the coronavirus was just beginning its harrowing journey across the United States
Image: Gabriela Bhaskar/The New York Times
Widespread economic devastation, severe unemployment and a grim prognosis for recovery have not stopped the stock market’s exuberance. And Tuesday, that undying optimism propelled the market to a new high, pushing it past a milestone reached only six months ago, when the coronavirus was just beginning its harrowing journey across the United States.
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