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Main indices rally as Trump signs $900 billion stimulus bill
Wall Street closed broadly higher on Monday as the main indices hit new highs. The rally was welcome after investors praised the president’s decision to sign into law legislation offering $900 billion in assistance for citizens and companies hurt by the coronavirus pandemic. Technology, telecom services and consumer discretionary stocks fueled the market’s gains this morning.
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Corey Worthington
1 months
The stockmarket is not a measure of how well the wider economy is doing. It's a measure of rich people's feelings.. When the Fed throws Trillions into the stock market to stem the flow (of failures) why is anyone ever surprised that the stock market is up...
Top in Business
Almost like the market has been waiting for purchasing power to come back to the baseline of all economies; people.