Happy Wednesday! We hope you enjoy the (relative) brevity of today’s TMD. Spend those extra two minutes in your morning wisely.
Quick Hits: Today’s Top Stories
The United States confirmed 43,698 new cases of COVID-19 yesterday, with 6.7 percent of the 648,783 tests reported coming back positive. An additional 1,301 deaths were attributed to the virus on Tuesday, bringing the pandemic’s American death toll to 171,793.
Postmaster General Louis DeJoy announced the U.S. Postal Service will suspend operational changes—removing collection boxes, slashing overtime pay, cutting USPS hours—until after the 2020 election “to avoid even the appearance of any impact on election mail.” DeJoy’s comments did not address whether restructuring efforts already enacted would be reversed. He is scheduled to testify before the Senate on Friday and the House on Monday.
The S&P 500 and NASDAQ hit all-time highs at market close on Tuesday, fully recovering from February and March’s historic plunge. The rebound—fueled by tech giants—marks the quickest recovery from a bear market in history.