Category: capitalism

Markets dragged down by abysmal retail sales and factory output

U.S. major stock indexes fell in Wednesday trading as new data from the Commerce Department and Federal Reserve indicated a collapse in manufacturing output and retail sales. However, the declines did not completely erase yesterday’s gains in another sign that U.S. investors and corporations may be better positioned to withstand…

Read More

The odd reality of today’s stock market

As the COVID-19 death toll in the United States continues to climb, American stocks are, in a grim divergence, recovering lost ground. It isn’t clear precisely why locally-listed equities have risen in recent weeks, let alone today, but let’s go over the day’s results so that we’re all on the…

Read More