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June 30, 2020 What a Second Round of Coronavirus Lockdowns Would Mean for the Stock Market
by Chris Taylor So far the stock market has remained surprisingly sanguine in the face of the economic and human toll of COVID-19. Now as new virus hotspots emerge in the U.S., investors are having to reassess. Even with stay-at-home orders, a total of 47 million jobless claims, and a national death toll of 124,000 and rising, the S&P 500 is actually down only 6% year-to-date. From the lows of March 23, it is up almost 40%.
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By MONEYby Chris Taylor So far the stock market has remained surprisingly sanguine in the face of the economic and human toll of COVID-19. Now as new virus hotspots emerge in the U.S., investors are having to reassess. Even with stay-at-home orders, a total of 47 million jobless claims, and a national death toll of 124,000 and rising, the S&P 500 is actually down only 6% year-to-date. From the lows of March 23, it is up almost 40%.