NewsWatch: Nasdaq closes above psychological milestone at 10,000, even as the economy is in recession—here’s how we got here

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MARKETWATCH FRONT PAGE

The Nasdaq Composite Index closes¥ at an important milestone for the first time on Wednesday, underscoring the rebound in technology-related stocks following the coronavirus rout that has helped to crystallize the view that parts of the stock market have entered a new bullish phase. See full story.

The government says there’s no inflation — except for the things people are actually buying

The absolute necessities in this coronavirus era — food and housing — are getting more expensive. It’s the things we can forgo that are cheaper. See full story.

Boris Johnson was asked to name President Trump’s qualities — here’s his response

British Prime Minister Boris Johnson was asked to name President Donald Trump’s qualities amid his handling of the Black Lives Matter movement. See full story.

Barstool Sports founder believes he’s a better investor than Warren Buffett and has determined day trading is ‘the easiest game’ there is

Did we just witness “an epic signal of a blow-off top”… ? Yes, says Gary Evans of the Global Macro Monitor blog who pointed to Barstool Sports founder Dave Portnoy as the reason why. See full story.

The extra $600 Americans get in weekly unemployment benefits ends next month — here’s what lawmakers are proposing to replace it

Extending the extra $600 could create a disincentive to return to work, some lawmakers say. See full story.

MARKETWATCH PERSONAL FINANCE

‘If I were king for a day, brother, this would be run differently.’ See full story.

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