b'The CompassMay 2020 news & tips from DFGEconomic Normalization Near?The Week on Wal l Street Market optimism was alsobetter-performing sectors to date supported by earnings reportswere Technology and Consumer Stock prices ended the weekearly in the week, which showedStaples. Financials were among the slightly lower, despite news ofthat some companies werelaggards. , , positive results from a test trial ofnavigating reasonably well a COVID-19 drug treatment andthrough the crisis. But stocksFinal Thoughtseveral states easing theirretreated on Friday as traders economic lockdowns.reacted to mixed earnings fromDespite the continued shutdown of two tech titans. The two firmsbusinesses nationwide, stocks staged The Dow Jones Industrial Averageoffered a reminder that even thea powerful rebound in April, leading slipped 0.22%, while the Standardstrongest companies have notsome to wonder if Wall Street is & Poors 500 lost 0.21%. Theescaped the economic impact ofdisconnected from Main Street. But Nasdaq Composite Index droppedthe pandemic. market watchers are quick to point 0.34%. The MSCI EAFE Index,out that Main Street may not be as which tracks developed stockWorries over possible new Chinadisconnected as it appears. Aprils markets overseas, rose 4.34%. , ,trade tariffs also weighed onrally was led by a group of very large stocks as the trading week came tocompanies, with over 75% of stocks in Light at the End of the Tunnel? a close. the S&P 500 trading below their 200-day moving average. Investors were emboldened lastCorporate Earningsweek by two significantTHEWEEKAHEAD:COMPANIESR developments: a quickening in theIt was a busy week for corporateEPORTING EARNINGSpace of state re-openings andearnings reports. So far, theMonday: Skyworks Solutions (SWKS), Tyson positive results from a clinicalearnings season has been mixed; itFoods (TSN)Tuesday: Walt Disney (DIS), Electronic Arts trial of pandemic treatment. Thesehas provided some clarity, though,(EA), Prudential Financial (PRU), Illinois developments turned investorabout the impact of COVID-19 onTool Works (ITW), Sysco (SYY)focus toward economicbusinesses.Wednesday: Square (SQ), CVS Health (CVS), normalization and away from theGeneral Motors (GM), Shopify (SHOP), T-Mobile (TMUS) economic destruction that hasWith 193 of S&P 500 companiesThursday:Bristol-Myers (BMY), Anheuser-occurred. reporting, 65% have checked inBusch (BUD), Becton Dickinson (BDX), with results ahead of consensusDanaher Corp. (DHR)Wall Street estimates. Among the Meet our Financial ProfessionalsWe are delighted to begin sending out this montly newsletter to you.CLICK HERE to learn more about Max Dembowdfgprivateclient.com'