It’s not the economy: Stock markets soar to record highs

Arabnewssocial24 Aug, 2020Pest Control

The record highs attained by Wall Street last week might come as welcome news for US President Donald Trump. But the booming stock markets will offer little solace to the many millions of people who have lost their jobs and livelihoods as the coronavirus pandemic pushes economies around the globe ever deeper into recession. “This is the great American comeback!” tweeted Trump’s deputy Mike Pence last Tuesday, after the S&P 500 stock index soared to a fresh historic high and the tech-rich Nasdaq notched up one record after the other in recent weeks.