Stimulus cheques have buoyed America’s stockmarket
Stocks most popular with retail investors rose by 14% in the two weeks after cheques were received
America’s stockmarket enjoyed a steady bull run between 2009 and 2021. Although the advent of the covid-19 pandemic briefly sent stock prices down, the rebound was substantial: $10,000 deposited into a fund tracking the s&p 500 in March 2020 would have grown to $21,416 at the market’s peak in December 2021.
This article appeared in the Graphic detail section of the print edition under the headline “From Main Street to Wall Street”
From the May 28th 2022 edition
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