Connect with us

Hi, what are you looking for?


Home Sweet Home: Stock Market Welcomes Us Back with Open Arms!

It’s no surprise that the stock market cheered Americans back home after a long year of economic uncertainty. The Dow Jones Industrial Average rose to a record high of 30,000 points this week, boosted by positive news indicating that the US economy is on the road to recovery. The market’s rally was ignited by encouraging news such as the anticipated approval of a potential coronavirus vaccine, increasing consumer spending, and a strengthening job market as businesses reopen.

This bullish momentum hit another peak when the Federal Reserve announced its commitment to maintain low interest rates and keep pumping more money into the US economy. Along with this news, analysts have pointed to strong earnings reports from many top companies as further confirmation that America’s economy is indeed on the upswing.

The stock market’s impressive performance since November is a sign that investors are encouraged by the first wave of vaccine development, and this optimism could lead to new highs for the already skyrocketing Dow. In the meantime, investors should continue to look for additional signs that the US economy is returning to pre-pandemic levels.

One of the immediate effects of the stock market’s rally is an increase in consumer confidence, which is essential for a sustained economic recovery. With the budget deficit set to hit a record $3.3 trillion this year, the government needs to find ways to reduce the national debt burden and restore the public’s faith in the US economy.

With the stock market welcoming US Americans home in such a big way, it is important to note that consumer spending alone will not fuel the nation’s economic recovery. Small businesses must receive the same level of government support as their larger corporate counterparts in order to get back on their feet and support economic growth. In that sense, the stock market’s rally is only part of the story of the US’s return to economic development.

You May Also Like


The Biden Administration’s landmark climate bill includes an exciting new development for poorer communities — the bulk of the clean energy funds from the...


The past few months have seen a dramatic increase in credit card balances across the United States, with a record $1.08 trillion balance in...


With the holiday season upon us, consumers are already fretting over their Christmas shopping budget. The concern is understandable, with the holiday shopping season...


The energy storage market is an exciting prospect for businesses and entrepreneurs around the world. With the growth of renewable energy sources, the demand...