Friday , May 29 2020

Tag Archives: Stock

Why Is the Stock Market Rallying When the Economy Is So Bad? – The Wall Street Journal, The Wall Street Journal

Why Is the Stock Market Rallying When the Economy Is So Bad? – The Wall Street Journal, The Wall Street Journal

The latest jobs report revealing record U.S. unemployment highlights a growing rift investors are struggling to reconcile: a rallying stock market and stumbling economy. Gains in U.S. stocks accelerated Friday after April’s nonfarm payrolls report showed unemployment rose to 14.7%, the highest level on record. It was the latest head-scratching development for many market observers,…

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