stock market

Financial

S&P 500 ends at another record high as tumultuous 2020 ends

Wall Street closed out a tumultuous year for stocks with more record highs Thursday, a fitting coda to the market’s stunning comeback from its historic plunge in the early weeks of the coronavirus pandemic. The benchmark S&P 500 index finished with a gain of 16.3% for the year, or a total return of about 18.4%,

National

How can Wall Street be so healthy when Main Street isn’t?

The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally has put the S&P 500 back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment benefits and businesses continue to shutter across the

National

The fastest economic recovery in U.S. history

Under President Trump, America built the strongest economy the world has ever seen. The stock market broke records, the unemployment rate dropped to its lowest level in half a century, and income inequality fell as blue-collar jobs returned to our country. Then, as a pandemic from China spread across the globe, President Trump made the

National

What’s behind the crazy market rally? A billionaire investor explains

The S&P 500 is up ~50% since its March low, and back near its all-time high. The mind-blowing rally is taking place as the economy saw its worst quarterly GDP contraction in 70+ years. WTF is going on? A popular (but unsatisfactory) answer is: “the Fed is pumping the markets.” For a more thorough explanation,

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