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Stocks close out best quarter since 1998, clawing back most Q1 losses

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The Dow and S&P 500 advanced more than 16 percent and the Nasdaq spiked more than 30 percent in the second quarter as investors banked on a slow-but-sure recovery.

Stocks overcame weeks of uncertainty, social unrest and a resurgence inTwo of the three major stock indexes are still down for the first six months of the year, and Federal Reserve chairman Jerome H. Powell on Tuesday cautioned that the economic recovery remains “extraordinarily uncertain” in the face of the stubborn coronavirus.

The broad S&P plunged 31 percent for the year on March 23 after states shut down, telling people to stay inside, putting nearly 30 million Americans out of work, grounding airlines, closing schools, sports and businesses and bringing commerce to a standstill.Much of Wall Street believes the economy bottomed in April, followed by positive economic news has filtered up in May and June. Personal incomes rose by 10.5 percent, thanks largely to federal stimulus checks.

 

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When the rest of the country is out of work and suffering, hurrah for the God Damn Stock Market. Legal gambling for the wealthy, making money off the deaths of Americans.

thank you realDonaldTrump !!!!

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