News Snapshot:
On Wall Street, the Dow advanced more than 360 points in early trade before giving up most of the gains by late morning as the debate over whether the outlook has improved continues. In a note, First Trust argued that a mix of economists and investors have opted for a “very rosy interpretation” of the latest data in shifting from an expectation of a hard landing to a no landing scenario. “The problem for the ‘no landing’ theory is that inflation remains a major problem,” and First Trust continues to see a recession approaching. Morgan Stanley’s Mike Wilson also said...
