Finance
2020 Has Been a Great Year for Stocks and a Bear Market for Humans
Investors ignored the pain of the pandemic and bet on a future where companies rely less on labor.
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The stock market was on fire in 2020, with the Dow Jones Industrial Average poised to end the year above 30,000, a record. Meanwhile, 30,000 people in the U.S. died of the coronavirus in just the past two weeks.
Shares of smaller public companies have caught up to the blue chips lately, with the Russell 2000 Index up almost 17% so far this year. Meanwhile, the number of small businesses operating in the U.S. has plunged 25%, according to a Harvard tracker.