(Bloomberg) — The remarkable rebound in U.S. equities from the depths of the Covid-19 crisis in March faces a fresh test in coming weeks, with the American economy set for a withdrawal of a key stimulus support.The average unemployment benefit for Americans put out of work will tumble by more than 60% at the end of July, hobbling the incomes of millions of laid off workers — many of whom may not be able to return to their jobs given the renewed shutdowns now affecting swaths of the economy from California to Florida.Stocks have proven resilient to plenty of bumps …read more
Source:: Yahoo Finance
