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Market Update: Tues, Apr 28, 2020

Market Update: Tues, Apr 28, 2020

| April 28, 2020
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Market Update: Tues, Apr 28, 2020 | LPL Financial Research

DAILY INSIGHTS

US markets continue to push higher. After closing at a multi-week high Monday, the S&P 500 is looking at a strong start this morning. There are no major news drivers other than continued planning around a staged reopening of the economy. Asian markets were broadly higher overnight, while European markets were showing strength at midday, with the US dollar weakening against major international currencies.

New COVID-19 cases stabilize. Since the first week of April, the number of new cases in the United States has remained fairly steady, even as the testing ramped up significantly. This is an encouraging sign that led us to adjust our Road to Recovery Playbook April 27. We discuss the latest trends in COVID-19 later today on the LPL Research blog.

IMPORTANT DISCLOSURES

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

This Research material was prepared by LPL Financial, LLC.

Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).

Insurance products are offered through LPL or its licensed affiliates.  To the extent you are receiving investment advice from a separately registered independent investment advisor that is not an LPL affiliate, please note LPL makes no representation with respect to such entity.

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For Public Use – Tracking 1 -05003986

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