Tuesday, October 26

Why the world’s stock markets hit record highs in 2020 as the global economy crashed


  • Howard Must and Daniele Palumbo
  • Business Reporters, BBC

Caption,

The United States was the scene of the most surprising gains in 2020, with a 42% rise in the Nasdaq technology indexeses.

Millions of people lost their jobs or had to avail themselves of social assistance amid the confinements imposed in the world to reduce the spread of the covid-19 pandemic.

However, stock markets recovered from their deep declines in March.

The United States was the scene of the most surprising gains in 2020, with the Nasdaq Tech Indexes rising 42% and the S AP 500 Indexes rising 15%.

But the UK’s FTSE 100 indexeses, with its struggling oil companies, banks and airlines – all of which were hit by the pandemic – did not meet the same fate.


www.bbc.com

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