U.S. Existing-Home Sales Increase for Fourth Consecutive Month

U.S. equity markets rallied throughout the day and held those gains as investors saw signs of optimism in the stimulus impasse in Washington and better-than-expected news on the labor market. Financial stocks led the gains as they usually do when there are signs of economic progress. The U.S. Department of Justice continues to flash its badge, wringing a $2.9 billion settlement out of Goldman Sachs for its part in the 1MDB scandal in Malaysia (more below).

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