Markets Were Risk-On Monday, Confidence in Consumer Grows: What Wall Street's Saying [TheStreet.com]
Amazon.com, Inc. (AMZN)
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Source: TheStreet.com
The marketAll three major U.S. indices rose Monday, with the S&P 500 up 1.5%. The 10-year treasury yield rose to 0.66% from 0.61%. Yields rise as prices fall.Aiding the positive sentiment — especially on the consumer — was the small business lending program getting back underway, a program that involves more than $300 billion in relief to small businesses. Investors have been satisfied with Congress’ easy willingness to save the economy from depression, while some point out that the first slug of funding ran through quickly, leaving small businesses starved for more cash as many become illiquid.This round does include more stringentguidelines that allow small businesses to access more of the debt capitalSome on on Wall Street saying that the reason consumer confidence hasn’t fallen to the same level it did in the 2008 financial crisis is because of the swift and large fiscal and monetary stimulus efforts seen in 2020. The consumer confidence index hit 71 in April, down from 89 in Ma
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AMZN
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AMZN
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