Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
As more Americans move to the suburbs and work from home, with many planning to stay, demand for high-speed internet in less populated areas has skyrocketed. But supply isn't keeping up.
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US stocks surged in a broad-based rally as investors assessed the outlook for earnings and as speculation grew that markets may have come close to bottoming out.
The S&P 500 defied the late-day reversal that has been a cornerstone of this volatile market, closing near session highs in its biggest one-day gain since June 24 as all 11 industry groups advanced. The tech-heavy Nasdaq 100 outperformed major benchmarks, ending 3.1% higher, with megacaps Apple Inc. and Alphabet Inc. bouncing back from Monday’s losses.