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Wall Street Journal – Market News

• Stocks Climb as Optimism Builds
  The Dow Jones Industrial Average climbed on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery.
• The Stock Market and Consumer Sentiment Are Telling Different Stories
  Stocks have rebounded dramatically off their March lows, while consumer sentiment is hovering near the lowest level in nearly a decade. The divergence is one of many realities investors are struggling to reconcile.
• Investors Buy Ralph Lauren's Timeless Pitch
  Ralph Lauren’s focus on e-commerce and direct-to-consumer sales blunted coronavirus impacts in China, cushioning share prices as the company braces for a worse quarter.
• Investment in U.S. Shale Projects to Halve in 2020, IEA Says
  Investment in the U.S. shale sector will drop by half this year, the International Energy Agency said, predicting a period of pain for producers, even as oil prices rally.
• Investors Cheer Europe's Step Toward United Bond Market
  Bond investors cautiously cheered a proposal by the European Union to issue centrally backed bonds for the first time, a move that attempts to address financial divisions that have long plagued the eurozone.