Monday, April 20, 2020– Markets climbed this week, propelled by the U.S. government releasing plans to restart the economy and hopes of a slowdown in COVID-19 infection rates. Coupled with last week’s gains, this marks the first two-week rally since stocks first corrected amid Coronavirus fears. President Trump said Wednesday that he believes the U.S. may have passed the peak on new COVID-19 cases. Meanwhile, the White House unveiled a three-step plan to ease social distancing restrictions and restart economic activity put on hold because of the pandemic. State and local leaders will decide for themselves when to start lifting restrictions. Some states, including Texas, have begun planning for a near-term economic restart.
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