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Futures volatile, Dow’s best week since 1938, Trump extends guidelines

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US President Donald Trump speaks during a Coronavirus Task Force press briefing in the Rose Garden of the White House in Washington, DC, on March 29, 2020.

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8:52 am: RBC remains ‘skeptical’ about ‘durability’ of last week’s rebound

The Dow and S&P 500 are coming off their best weeks since 1938 and 2009, respectively, but RBC said the rally may not last. “We remain skeptical about the durability of last week’s rebound,” head of U.S. equity strategy Lori Calvasina said in a note to clients Monday. The firm said the S&P 500 could reach 2,730 – 7% above where it closed Friday – before turning lower again. – Stevens



Source cnbc.com

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