Stock Markets Continue to Rise as COVID Trends Up

The first notable economic effect the country saw when COVID-19 starting ramping up was a fall in stock markets that rivaled Recession levels and which many experts said could have reached Depression statistics. Luckily, thanks to the work of governors and other officials, the active case count started to flatten and then go down. At the same time, markets and indexes showed an inverse trend, rising incredibly fast as investors and experts predicted a return to acceptable operating efficiency, with officials lowering restrictions in certain areas.

However, what's interesting is that many scientific experts predict that thanks to crowded Black Lives Matter protests, and an overall national sense of freedom from the virus, that cases will soon go back up. Indeed, in California and other states, the trends are showing initial signs of a spike reminiscent of the first wave that hit the nation in March. And yet, stock markets continue to rise. Today, for instance, the Dow Jones Industrial Average gained over 800 points, more than 3% of its starting value. While it is apparent that the market gains are starting to plateau, this is the 6th day in a row of gains even as predictions from experts on the virus seem to be indicating a possible rise.