Top news and what to watch in the markets on Friday, August 7, 2020.
Investors are asking me how high can this stock market go. The July employment report, released Friday, is providing a relief for the stock market. Nonfarm payrolls came at 1.46 million. Normally I compare economic data with the consensus forecast.
The number of new unemployment insurance claims improved only marginally last week, as the coronavirus pandemic continues to weigh on the pace of recovery in the labor market.