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Dow Soars in Last Week’s Trading
In a mere week, the Dow Jones Industrial Average moved from negative to positive territory for the year so far with a nearly 3% gain. Small company shares advanced smartly as well, continuing several weeks of superior performance.
The investment community will focus this week on the outcome of the U.S. and North Korea meeting in Singapore. Expectations have wisely been tempered, but any signs of progress would be well-received by the investor class. In addition, it’s a busy week for economic statistics on May inflation, retail sales, and manufacturing activity.