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A comment on Ask HN: Why is stock market booming when the economy is struggling?.

Re:Ask HN: Why is stock market booming when the economy is s... by Finnucane on Wednesday April 14, 2021 @08:57PM (#26815018)
Because the stock market is not the economy. Much of the gain in the s&p 500 has been from companies that benefitted from the quarantines—Apple, Amazon, etc.
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Re:Ask HN: Why is stock market booming when the economy is s... by donsupreme on Wednesday April 14, 2021 @09:17PM (#26815146)
Uber's delivery business has been good but it's more even unprofitable than their ride business which has completely died. Yet their stock is up over 100% since pandemic.
[ Parent | on HN ]