Despite more than 108,000 US deaths from Covid-19 and deep job losses caused by the economic shutdown to prevent even more fatalities, US stock prices are hovering within 8% of their all-time peaks reached earlier this year. How does this square with the bleak news of the past month? We share our thoughts on a turbulent period of social unrest and economic uncertainty following a brief market summary.
The New York Stock Exchange and Nasdaq are preparing to open for business as usual on Wednesday following an extraordinary storm that crippled many parts of Manhattan and prompted widespread power failures.
Due to Hurricane Sandy, the NYSE was closed Monday, October 29, 2012. The NYSE and other US stock and bond markets will remain closed Tuesday, October 30.