The divergence among the three major market indexes points to the different fates for the tech-heavy companies which are becoming increasingly central hing business operations as the world moves to remote work; today's tech rally in the face of further declines in the value of the firms that make up the DJIA is notable.
A day of mixed equities first thing is welcome after recent declines.
Meanwhile, the White House economic relief plan is slowly taking shape and making its way through Congress. And as tech firms are more remote-work friendly, they may have a better shot at staying open. The equities market is still coming to grips with the new normal.
Warnings regarding the current economic situation are coming fast, and are increasingly dire. Unemployment in the US rose sharply according to federal statistics and the economy should expect more of the same as factories and stores close their doors while a large morninng of the country stays indoors to halt the spread of COVID More at the end of the day.
Another payout would follow in May if the economy lpoking businesses have not recovered. Thirty minutes into the morning here are the s: DJIA: dropped 1.
That said, not all industries are taking blows of the same size. Story continues As Uber and Lyft continue to melt, the unicorn class loses its shine Virtual services like remote networks, security, video conferencing, and other messaging tools are more necessary than ever as businesses which can continue to operate are doing so via the Internet. Investors are betting today that they will do better lookinh the economy as a whole.