Stocks surge even as banks signal a choppy recovery ahead

The Dow climbed 557 points, or 2.1%.The S&P 500 jumped 1.3%.The Nasdaq climbed nearly 1%.

Markets ended the day near session highs, rebounding from early losses that hit tech stocks.

US banks kicked off earnings season on a cautious note.

JPMorgan Chase, the nation's largest bank, said it's preparing for double-digit unemployment through the first half of 2021 — far worse than the Federal Reserve's projection for the unemployment rate to drop to 9.3% by the fourth quarter of this year. JP Morgan reported a 51% plunge in second-quarter profits as provisions for credit losses spiked.
Wells Fargo dropped 5% after posting its first quarterly loss since the 2008 financial crisis. The bank warned it will likely slash its dividend by 80%.

Football news:

Fulham returned to the Premier League, earned 135 million pounds and destroyed the fairytale of Brentford. Everything was decided by the trick of the defender and a stupid mistake of the goalkeeper
Fabinho: this Liverpool will be remembered forever. The title in the Premier League is special, because we had to wait so long
Tuchel asked PSG to buy Alaba from Bayern. The player wanted to receive 20+ million euros a year
Messi-Casillas: you are an incredible goalkeeper. It was a beautiful rivalry that made you overcome yourself
Ferran Torres: Ronaldo was the best. He is an example for everyone who wants to achieve the maximum in football
Barcelona cannot agree with Ter Stegen on a new contract. The goalkeeper wants to stay
We found out how the fascinating logo of Iceland appeared: Game of thrones has nothing to do with it, the source of audacity is the success of the national team