The stock market is ending 2020 at record highs, even as the virus surges and millions go hungry Hamza Shaban, Heather Long Trader Daniel Krieger signals a thumbs-up as he arrives at the New York Stock Exchange on May 26. (Mark Lennihan/AP) The U.S. stock market ended 2020 at all-time highs, enriching the wealthy and capping off a soaring comeback despite a deadly pandemic that has killed more than 340,000 Americans and left millions jobless and hungry. The S&P 500-stock index, the most widely watched gauge, is finishing the year up more than 16 percent. The Dow Jones industrial average and the tech-heavy Nasdaq gained 7.25 percent and 43.6 percent, respectively. The Dow and S&P 500 finished at record levels despite the public health and economic crises.
The stock market is ending 2020 in record territory, even as virus surges and millions go hungry
By Hamza Shaban and Heather Long Washington Post,Updated December 31, 2020, 6:25 p.m.
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The US stock market ended 2020 at all-time highs, enriching the wealthy and capping off a soaring comeback despite a deadly pandemic that has killed more than 340,000 Americans and left millions jobless and hungry.
The S&P 500 index, the most widely watched gauge, is finishing the year up more than 16 percent. The Dow Jones industrial average and the tech-heavy Nasdaq gained 7.25 percent and 43.6 percent, respectively. The Dow and S&P 500 finished at record levels despite the ongoing public health and economic crises.
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Sabrina Schnurr / brookline@wickedlocal.com
O Leary s. Pomodoro. Matt Murphy s. L Accent Women s Fashion. These are just some of the Brookline businesses forced to close – temporarily or permanently – during the COVID-19 pandemic.
Like many throughout the state and country, small businesses in Brookline are struggling, and many owners are continuing to adapt to safety measures in order to stay afloat during the pandemic.
The number of small businesses open in Massachusetts has decreased by nearly 34 percent since January, according to Opportunity Insights’ Economic Tracker.
“I m really kind of grossed out by the state and the lack of support for small businesses,” said Michela Murphy, co-owner of family-owned Brookline restaurants Pomodoro and Matt Murphy’s Pub.