Despite Recession, Stock Markets Turn Positive for the Year [The New York Times]
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Source: The New York Times
Skip to contentSkip to site indexBusinessToday’s Paper|Despite Recession, Stock Markets Turn Positive for the Yearhttps://nyti.ms/3heuBqDmentContinue reading the main storySupported byThe S&P 500 climbed back above where it began the year on the same day that economists said the United States fell into a recession in February.ByMatt PhillipsAnd just like that, we’re back to where we started.The S&P 500, a leading stock market index, on Monday climbed back above where it began the year — before the pandemic brought the United States economy to a juddering halt, before more than 110,000 Americans died from the coronavirus, and before the police killing of George Floyd in Minneapolis set off nationwide protests.late-day rallyEven though the economy has begun to reopen, it is hard to overstate how disastrous the past three months have been and what the long-term consequences are for everything, from the nature of work to the future of certain industries. Tens of millions of people are une
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