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Stock Market Rebound Put to Test Again With Street Unrest Raging

  • The S&P 500 is coming off back-to-back monthly advances
  • Length and ferocity of the protests is challenge for investors
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Stock Rebound Put to the Test
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An equity market bounce that has weathered a pandemic, shut-down economies and tens of millions of lost jobs now must navigate spiraling civic unrest with the potential to exacerbate all of it.

American stocks enter June more than two-thirds of the way back from a rout that erased $12 trillion from share values, thanks to a 36% rally since March that has defied every bearish prognostication. An astonishing display of resilience, the rally has pushed S&P 500 valuations to the highest in 20 years as it spread to industries like banks and airlines.