Lv 6
asked in Business & FinanceInvesting · 1 month ago

did the stock market go up again today? why? there is record unemployment & now a nationwide riot?

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  • Bryce
    Lv 7
    1 month ago
    Favorite Answer

    40 million unemployed, major businesses going bankrupt, large sectors of the economy losing huge amounts of revenue--oil companies, retail, airlines, auto makers, travel, cruise lines, hotels, movie theaters, sports events, casinos.  They are all taking huge hits.  The stock market is bound to fall.

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    • Bryce
      Lv 7
      1 month agoReport

      It is said that the market has risen because of huge government support and extremely low interest rates.  But the government can't keep handing out trillions of dollars it doesn't even have.  The vaccine is at least one year away.  The bad news is coming now.

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  • Anonymous
    1 month ago

    Took a "massive nose dive!"

    Seriously, it lost less than 7/100th's of one percent. 

    The record unemployment is GLOBAL. 

    See, there's this virus going around. 

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  • Anonymous
    1 month ago

    The stock market dropped a couple of days ago, probably because of the tension with China.  It went “up” (which is a relative measure) because Trump didn’t pull out of the phase one trade agreement reached with China as was feared.

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  • 1 month ago

    Mostly up, but Dow Jones was slightly down.

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  • 1 month ago

    The stock market is schizophrenic. Even all the financial experts say it's not an accurate reflection of the US economy.

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