3 Reasons Stocks May Be Volatile for the Rest of the Year
The stock market has been on a fairly wild ride since the threat of COVID-19 hit home. In March, stocks plunged into bear market territory, and while they've regained a lot of value since then, investors shouldn't grow too complacent. In fact, there's a good chance we'll see a series of swings between now and the end of 2020. Here are a few reasons why.
On June 25, the U.S. recorded close to 40,000 new cases of COVID-19, surpassing its previous single-day record of closer to 36,000 cases in late April. And while some states are seeing their numbers hold steady or even decline, Texas, Arizona, and Florida are all seeing surges. In other words, COVID-19 remains a threat despite the stay-at-home orders that shuttered businesses and upended Americans' lives for months. And whenever there's negative news on that front, the stock market has the potential to react.
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Source Fool.com
