The market fell for the first time in seven days.
The stock market finished lower on Tuesday—although the Nasdaq Composite rallied to a new record high—a day after the S&P 500 turned positive for 2020 and fully recouped its losses from the selloff caused by the coronavirus pandemic.
The job gains from last week “indicate the reopening of state economies has been successful in putting millions back to work, with leisure and hospitality leading the way,” according to Wilmington Trust chief investment officer Tony Roth. “However, the unemployment rate continues to understate the true level of labor market disruption, as a number of categories of workers who have lost their jobs are not currently counted in the unemployment rate due to technical issues with how the data are measured.
