Stock Market at 19-Month High
Even in the face of an extended recession, devastating double-digit unemployment and a barrage of political charges that President Barack Obama's health care reform will decimate the economy, the U.S. stock market finished the week at a 19-month high.
Even in the face of an extended recession, devastating double-digit unemployment and a barrage of political charges that President Barack Obama’s health care reform will decimate the economy, the U.S. stock market finished the week at a 19-month high. –JCL
TRUTHDIG’S JOURNALISM REMAINS CLEARReuters:
U.S. stocks rose to a 19-month high on Friday as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low.
For the week, the S&P 500 was up 2.1 percent, the Dow gained 1.7 percent and the Nasdaq rose 2 percent. It was the eighth straight week of gains for the Dow and Nasdaq, while the S&P has gained in seven of the past eight weeks.
The storytellers of chaos tried to manipulate the political and media narrative in 2025, but independent journalism exposed what they tried to hide. When you read Truthdig, you see through the illusion.
Support Independent Journalism.
Politics
At Davos, did the Canadian prime minister evoke a new progressive internationalism — or a new conservative realpolitik?
TD Column
While the roadblocks it bankrolled in the primary and general elections failed, the billionaire class' opposition has just begun.
Business & Economy
His version of public ownership has nothing to do with socialism or helping the working class, but is about extending his personal arbitrary control.
Dig Scape
A sonic exploration of authoritarian indifference toward the lives of immigrants and their families.
Africa
Cape Town’s digital nomads chase cheap luxury and scenic backdrops. But behind the matcha lattes and “social impact days” lies a deeper story of economic power, displacement and global inequality.
Editorial Cartoons
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.