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Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

With the unemployment up so sharply why is the stock market up 900 points?

14 Answers

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  • 2 months ago
    Favorite Answer

    Last week, most economist announced that our unemployment numbers would be high,  The market knew of the numbers and the reasons for them so the market already knowing it, the numbers were discounted when officially announced.

    • qspeechc2 months agoReport

      This answer doesn't even make sense; how does that explain the jump in the stock market?

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  • Anonymous
    1 month ago

    markets are a playground for traders and bankers.

     not a reflection of the true economy.

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  • 2 months ago

    points? this isn't pac man kid ... get a grip

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  • 2 months ago

    Because it's down almost 10000 points. Stocks are under-valued and before anyone can say that this isn't a long term catastrophe the market will adjust to the low price.

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  • 2 months ago

    People are making good money 🙂 .

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  • Anonymous
    2 months ago

    Chinese people are going back to work m

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  • John
    Lv 7
    2 months ago

    Most investors have regained trust in the markets.

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  • 2 months ago

    Because previously to that, the Dow was down about 9,000 points. We still may resume declines in the market perhaps to Dow 15,000. But below that, the eventual earnings of the stocks would make them a real bargain.

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  • DEBS
    Lv 7
    2 months ago

    The market likely over adjusted in the crash.

    The market is forward looking. The unemployment number is something 100% out of the ordinary and with stimulus moving through Congress and businesses talking about opening again (even if weeks away), the outlook is not horrible compared to current stock prices.

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  • Times
    Lv 4
    2 months ago

    Has something to do with the corona stimulus plan. 

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