How did the stock market hit a record amid COVID-19 fueled recession? Here's what experts say about the rebound

So why is the stock market at records while the U.S. economy is in one of the sharpest economic downturns since the Great Depression? Here’s what the experts say:Although stocks are back at highs, millions of out-of-work Americans are still suffering after a mind-boggling 56.2 million AmericansBut there have been signs of improvement in the labor market recently, which has helped rejuvenate investor optimism for the recovery.

Improved consumer spending, a rebound in the housing market and better-than-feared corporate profits have added to the optimism. The benchmark index is global, with roughly 40% of sales from S&P 500 companies derived internationally, while U.S. exports account for just 13% of GDP. The S&P 500 is also driven by capital investment, which has been supported by technology spending during the pandemic.

as crocked as the 08 bankers? hold on these re the same players ☝️😡💰i smell a🐀

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The stock market closes at a record high, defying the COVID-fueled recession battering the US economyThe U.S. stock market hit an all-time high Tuesday, staging a stunning turnaround propelled by Big Tech as trillions of dollars in stimulus aid from the Federal Reserve and Congress helped prop up an American economy gripped by recession. We aren’t shocked that rich people are continuing to get rich while the rest of America suffers. what the fuck do you expect with the Federal Reserve giving big banks trillions of dollars to give away ? no recession here. complete bullshit.
Source: USATODAY - 🏆 100. / 63 Read more »