Wall Street rally wins more fans as economy hints at recovery
Share:
(Reuters) - Record upside surprises in U.S. economic data are bolstering the case for a “V” shaped recovery from the COVID-19 recession and boosting investor confidence in a stock rally that has already delivered hefty gains in recent months. Citigroup's Economic Surprise Index , which tracks economic data relative to economists' expectations, hit a record high this month, reflecting recent turnarounds in key areas such as unemployment that have helped extend the S&P 500's gain to 40% since..