Perspectives + Prospects - Saturday, May 2
May 02, 2020 at 15:25 PM EDT
Despite the GDP revealing that the U.S. economy shrunk by 4.8% in Q1 of 2019, the U.S. stock market ended the week higher amid optimism for a coronavirus treatment. Interest rates moved higher, as the ten-year treasury yield rose from 0.60% to 0.64%.
