May 27, 2020
The stock market is like a party animal looking for a reason to celebrate.
- Stocks have rallied, recovering from the lowest point of the last few weeks.
- The last time we’ve seen the Dow Jones at this level was *before* federal social distancing guidelines in March.
- The New York Stock Exchange opened Tuesday after Memorial Day weekend for in-person trading – with some strict restrictions including masks, no public transit and temperature checks for visitors.
- Investors say promising news – such as a rise in mortgage applications for new home purchases, as well as hopes for a COVID-19 vaccine – has fueled more optimistic trading amidst great uncertainty.
- Why It Matters: The stock market provides a daily measure for the way investors feel about current conditions; however, it does not reflect all tenets of the economy. To date, more than 40M people filed for unemployment in America during the COVID-19 pandemic, and questions remain about possible economic recovery in the coming months.
Read More:
Late-session spurt lifts Dow above 25,000 for the first time since early March CLICK HERE
Here’s a more technical breakdown of why the market’s moves matter: READ HERE
by Jenna Lee,
