by Troy S. Mason | Jun 4, 2020 | Business News
The divide between Wall Street and Main Street has grown sharply in recent weeks, amid the coronavirus pandemic and widespread civil unrest. To many, the market’s rise appeared as both cause and symptom of the widening gap between the country’s haves and have-nots. The Dow Jones Industrial Average rose by more than 400 points on […]
by Troy S. Mason | May 28, 2020 | Business News
Although nearly 40 million Americans have lost their jobs and small businesses are struggling to stay solvent, you might not realize that if you only watched the stock market. The Dow Jones Industrial Average, Nasdaq and S&P 500 have all bounced back from their...
by Troy S. Mason | May 19, 2020 | Business News
Wall Street soared Monday after U.S.-based drugmaker Moderna said it has seen “positive” results from its first human trial for a vaccine against COVID-19, prompting hope among investors that economic recovery could be on the horizon. The Dow Jones...
by Troy S. Mason | May 14, 2020 | Business News
Wall Street benchmarks closed sharply down on Wednesday, after Federal Reserve Chairman Jerome Powell warned of a longer recession if Congress did not step in with additional fiscal stimulus. The Dow Jones Industrial Average ended the day lower by just over 515...
by Troy S. Mason | Apr 30, 2020 | Business News
The Federal Reserve pledged Wednesday to keep interest rates at current levels, while noting that the coronavirus pandemic will continue to weigh heavily on the economy. Over the past six weeks, the Federal Reserve has grappled with the scale of the unfolding...
