The economy is falling apart but Wall Street had its best quarter in decades

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It has been a rough quarter for the US economy, with the country plunging into a pandemic-fueled recession. Yet the stock market is alive and kicking — in fact, it's having its best quarter in more than 20 years.

The Dow recorded its best quarter since the first three months of 1987 with a 17.8% jump, while the S&P 500 logged its best quarterly gain since the final three months of 1998, climbing 19.9%.The tech-heavy Nasdaq Composite lagged only slightly behind, with its best performance since the fourth quarter of 1999, soaring 30.6%. All three indexes also finished in the green on Tuesday, the final trading day of June and the second quarter.

But investors were optimistic about the summer thanks to the gradual reopening of the economy -- which began as early as April in some states -- as well as unprecedented monetary and fiscal stimulus left investors optimistic about the summer. More than 20 million American jobs vanished in April, but soon after, the jobs picture and other economic data began to improve as well. That said, the country's crisis is clearly not over.

 

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IMO China, Mexico and Canada should pull out of the trade deal. The xenophobic hate filled way Trump instigates the Right will have guns pointed at THEIR citizens in the U.S. or their own countries doing business. Treaties be damned just like had NG go after the Lakota on theirs.

Positive Hope In Stock Market Enabled Because Of Republican President Mark Patrick Seymour And Christ Jesus

Trump2020 beating the scamdemic

Why isn't it being reported on news that death rates & hospitalization 's & length of stays going down? Some say beginning herd immunity. Some say virus mutated to weaker form. ?

The Lord bless America and our President/Vice President

Yeah? Then why aren’t retirement mutual funds making good gains?

You Can Earn massively By Just Buying A Product (shopping)From A Company (Longrich Tell 3 about longrich too, let them register too and longrich pays you your % directly to your account every thursday. I'm a testimony No meeting of target, no flushed point. ask me how to Register

If I go to the casino, lose $1,000 at craps, and then win $750 at slots, I’d hardly consider that “one of my better days”

At least we now know where the stimulus package monies ended up.😕

More stimulus package for the wealthy please. The capitalist system is broken. Government should start a public bank where no one can touch your 💰. Also dont spend what you dont have. So dont try to spend too much of what you have.

And Trumpis going to say it’s all because of him - right here on Twitter, just as soon as someone reads this to him

The rich getting richer.

To me this signals the potential availability of jobs. One feeds into the other. It's a symbiosis.

Because the orange nightmare gave them billions of our money. 🤨

That’s because it’s all BULLSHIT!

Thats cool, the rich get richer. Nothing new here.

Trump takes credit in 3, 2, 1, ... go

Wall street is rolling in the dough because congress and the president decided to take care of their rich corporate friends and handed us 1200 bucks. We need to collectively say enough is enough. Get rid of Republicans and Democrats. They have both sold us down the river.

What about the 1 in 4 workers that are unemployed in the US? The stock market is not the economy but we will hear about this being attributed to Trumps great leadership 🙄

CNN seems sad that Wall Street is resilient

So Trump how are all of the unemployed benefiting from this ?

MAGA

Yah it’s all the stimulus money that went to those that didn’t need it for food and rent. People who got $$ and didn’t require it for food and instead bought stock need to go help the working class that are getting evicted right now. You should all be ashamed.

WHO IS SPONSORING BLM

Tell me again how many people are out of work? Yeah, that economy is doing spectacular when people can’t pay their bills because they don’t have jobs.

Stocks aren’t rising in value. The dollar is declining in value.

It just shows you how disconnected wall street is from main street American.

That’s what happens when the Fed prints trillions of dollars. The cost of things go up.

Sure tell that to people with 401ks

Now do what it climbed from.....defundwallstreet

That's because the economy isn't the stock market. It is only a playground for the rich.

This is trumps fault

This Explains all.

MAGA!

Thank goodness for something positive and hopeful.

Finally. Not Fake News. Imagine if there was no virus what it would of been! Pres Trump doing an amazing job on the economy.

This ca not be fkn true!

So the already rich got a little bit richer. This happened during the Great Depression too. Didnt change the fact that life sucked for the other 99%. And it's worse now because US companies on the NYSE dont actually make stuff, at least not in the US.

I don't think the corporate earnings support this climbed.

While people are out of work and the virus is running wild. people are suffering but the rich don't care neither does trump and his administration, there only doing this cause they want trump to win,

If countless businesses can figure out how to operate safely, then it's past time that Pelosi and Democrats in Congress do too. No more getting paid to skip work.

To the MAGA dildos in middle America just trying to pay the bills! What do you think about this? Hang in there it will trickle down to you

That's one -Uge bubble

Where would it be if the feds hadn’t been pumping $$ into it?

And Cnn is not happy 🤣

Yeah, no way that this can go wrong.......

Soon The rich will be more richest... And... WallStreetSboom

Take your profits before they vanish!

You take Trump political $ and then promote his failures? Which is it CNN?

Yup, because Wall Street is not the US Economy. Wake up from that BS

'The rich get rich and the poor get poorer. . .'

Because we’re all going to die of Covid?

BUT! It means absolutely nothing to the average Americans just the rich getting richer.... Get a clue!

Trump is a miracle worker. Invincible

Wait for the bankruptcy and 3rd qt reports. It's a big lie. Watch out for that bubble bursting

Uhm...wasn't this after wall street's worst quarter ever recorded in history? And we're not even back to par yet. Not really much to celebrate. 🤣🤣🤣🤪🤪🤪

The capitalist con artist at work for the billionaire class. Us peons don't matter anymore.

HELL YES BILLIONAIRES MAKING COIN FROM PILES AND PILES OF DEAD AMERICAANS AND DEAD WORLD WIDE IS THE BEST!!!

PPe, gun sales, health care, liability, Alcohol, streaming providers, online porn...toilet paper... Thank you Corona virus love Wallstreet

Where’s the breaking news about the two teens shot in the Chaz zone last night? YOU don’t report news! You report Lies!

Will that pay rent?

Awww. Look at you fake news crying ...

After losing 1/3 of its value in the last quarter, that's not too surprising. Over the last 6 months the Dow is down 3000 points.

When market pumps -- economy is decoupled from the market, when market dumps -- economy is bad thats why it crashed.

Let's me guess that was because of Obama😄😄😄

Well if you did a good deed for your viewers and readers you would encourage them to join the bandwagon, get to work, and invest their earnings. Instead, it's all gloom and doom you report to them and it's depressing. You suck CNN.

Why want report stories that matter

Sure tRUMPass just bought with friends, family, owed Favors to people (too many to mention) just bought up in billions to boost market making the tRUMPass look good. The economy, polls and American deaths don’t matter to tRUMPass. Just the election and his own prosperity.

Because America has faith in realDonaldTrump! He is Leading us through this COVID19 pandemic and restoring our economy.

Nothing changes for the struggling if the powerful don’t struggle as well.

Very scary

This is why wealth inequality is such a problem. The 1% keeps growing, the 99% meanwhile is drowning.

Says same lefties and news that want us to shut down all year.

No matter how hard the MSM tries, the economy will continue to rebound and grow leading up to November. Trump2020LandslideVictory

By itself a Wall Street indicator sole purpose is to portray wealth concentration in a small group, now it is evident that they indirectly suggest social detriment and environmental deterioration, any other indicators they want to use to disguise this are just ridiculous...

God and FRIENDS are coming and they hate liers

This is purely speculation. This is not a market operation. No new jobs will come out of this.

It’s only relevant if you bought the bottom. Most people hold so who cares?

How dare cnn deliver good economic news !! Liberal media supposed to stick together with TheDemocrats to oust Trump ! This ain’t helping

you WISH the economy was falling apart! CNN breaking wind again!

Falling apart! 😂😂😂😂😂😂

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