Wall Street Journal headlines:
- Recession in U.S. began in February, 6-6
- Surprise job gains seeds hope, 6-7
- Fed plans to keep rates at low level for years, 6-11
- Dow falls 1800, virus, investors worries, 6-12
The mixed economic signals are further confounded by the good and bad news coming from COVID-19 reports. While the daily death toll is now well below 1,000 a day (118,000 total), the continuing fatalities are more widely distributed in the South and West, as the toll in the Northeast has tapered off. The periodic spikes in infections and hospitalizations, both here and around the world – China, Brazil and Mexico, continue to dampen optimism that the recovery will be smooth or quick.