One Month Later: Market Up 28% From March Lows, But Spike In Jobless Claims Still Weighs [Forbes]
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Source: Forbes
World's & Politics2020 T-Mobile For BrandVoice | Paid ProgramAll All Premium SportsAll Forbes GuideAll Best Credit CardsInk Preferred Credit Card30 2020All © 2020 Forbes LLC. All Rights ReservedBETAThis is a BETA experience. You may opt-out byclicking hereEdit StoryApr 23, 2020,09:24am EDTOne Month Later: Market Up 28% From March Lows, But Spike In Jobless Claims Still WeighsJJ KinahanSenior ContributorOpinions expressed by Forbes Contributors are their own.I am the Chief Market Strategist at TD AmeritradeGetty ImagesKey Takeaways:A month ago today, the S&P 500 Index (SPX) sank to three-year lows under 2200 as the economy reeled from the coronavirus pandemic.The crisis still rages, but the SPX has sure caught fire since then. It closed yesterday just a touch below 2800 and up nearly 28% from last month’s low point, reflecting what appears to be a lot of faith in the ability of Congress and the Fed to prevent a devastating blow to the economy.In some ways, it’s been devastating
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