FILE - This photo provided by the New York Stock Exchange shows the unoccupied NYSE trading floor, closed temporarily for the first time in 228 years as a result of coronavirus concerns, Tuesday March 24, 2020. Global stocks and U.S. futures declined Thursday after the U.S. Senate approved a proposed $2.2 trillion virus aid package following a delay over its details and sent the measure to the House of Representatives.
Nearly 3.3 million Americans applied for unemployment benefits last week, easily shattering the prior record set in 1982, as layoffs and business shutdowns sweep across the country. Despite the big gains, the S&P 500 remains 22% below its February high and analysts expect more dire economic headlines, and market turbulence, in the days ahead.
The prospect of a big financial shot in the arm for businesses and households helped offset some of the concerns about the steep job losses the economy is beginning to see due to the coronavirus. “I wouldn’t necessarily say that where the market was yesterday we won’t see that again,” Slimmon said. “There is bad news still to come.”
For most people, the new coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia and death
Q17
This is the new America with Fed trillion dollar injections. Some ppl call the markets a ponzi scheme and I am beginning to think the same.
Also this ‘bail out’ actually benefits the country because those that have not yet filed taxes are stuck now to the benefits of the new legislature... I am curious if I am wrong in my layman understanding of what is happening?
Happy?
How much is Boeing getting?
Naturally, with all that pork for the upper crust the speculators are pushing it up for the short term, with little thought of what's ahead a few months down the road.
刚出ICU就进夜总会，当心猝死！😄
Meh. The market's jumpier than my cat.
Lift the market so the big players can get out, let the mom and pops take the hit in the coming weeks america
Not for long.
This si proof that Wall Street and the rest do not need a bailout!! Sick and tired of them getting rich and being saved and what do we get a dam check for 1200 bucks that’s not much!! Smh horrible stop bailing out the rich !!
Whats the term? Boom and Bust economy? Yeah thats what we got.
How come?!?
Damn it’s like the market isn’t an indicator of how good the economy is, huh
Stock market doesn't care we just had the biggest filing for unemployment in history - Stock market and Economy are not the same. Most of us could care less about any of this right now, we are losing loved ones, many sick, we're tired and scared.
...and the rich keep getting richer... where’s a real bailout for the people - this is the third for Wall Street. DieForTheDow Die4WallStreet
Why?
Kudos for being able to pull yourself together enough to post this.
An honest question from the minimum wage ‘poor’ class.. is this the 1% dumping funds into the system to make it seem like U.S. economics are better than what they actually are?
Well the results are in and it seems pretty obvious to me... The markets love Socialism.
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