U.S. Stocks See Growth
Stock prices have been lowering these recent weeks, but today U.S. stocks have seen rises as reports that the rate of layoffs in the United States has seen a decrease, and as the British experience economic growth. Stocks in Asian countries such as Hong Kong and Japan have also seen growth. The Dow Jones and S&P 500 have both seen increases as well. Though sales are increasing in many industries, these increases in sales may not lead to a large economic growth. It has also been reported that there was another decrease in the number of people filing for unemployment, this number is the one of the lowest numbers since the 2008 crisis.
The rise of the stock market well indicates how the global economy has an impact on the American economy. As other countries are doing well, the American economy grows as well. Since countries have such a large impact on one another, countries in a better off economic conditions should try to help countries that are not doing to well such as Cyprus and Spain.
Written by: Jessica Ho
Source: The Wall Street Journal