Stock Markets Recovery
FIN 320: Discuss which factors had caused the U.S. stock market to reach new heights in February 2020 before falling sharply due to the emergence of the COVID-19 pandemic?
Please respond to the following:
- Discuss which factors had caused the U.S. stock market to reach new heights in February 2020 before falling sharply due to the emergence of the COVID-19 pandemic. Support your findings by providing relevant data from reputable sources.
Answer previewThe United States (US) economy has faced several ups and downs over the decades. One of the most notable was the 2008 financial crisis, which hit the stock markets hard. Government bailouts were crucial in facilitating the economic vibrancy return, which was present before the financial crisis happened. The government pumped financial resources into the economy for two significant reasons: to salvage…
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