Stock Market News: These 2 Stocks Are Saving Businesses From Coronavirus Pain
Wall Street was in an uncertain mood on Wednesday morning as investors continued their debate about whether the stock market can continue to recover despite massive economic disruptions from the coronavirus pandemic. Optimists have been hopeful throughout the recent rally that the fallout from lockdowns and other measures to fight COVID-19 won't be as severe or long-lasting as feared -- but it'll take time for the results to bear out.
As of noon EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 57 points to 23,826 and the S&P 500 (SNPINDEX: ^GSPC) lost two points to 2,867. However, the Nasdaq Composite (NASDAQINDEX: ^IXIC) bucked the downtrend and gained 81 points to 8,890.
One of the secrets to success for small businesses hit hard by coronavirus lockdowns has been to take to the internet. Embracing e-commerce can be a winning strategy, and the companies that are helping people get their businesses online are seeing strong results. In particular, Shopify (NYSE: SHOP) and MercadoLibre (NASDAQ: MELI) saw their shares jump after reporting encouraging earnings.
Source Fool.com
