Stock Market News-Retail Sales Plunge 8%

Stock Market News-Retail Sales Plunge 8%. U.S. retail sales tumbled in March by the most on record as the coronavirus forced thousands of the nation’s merchants to close and left millions of Americans without a paycheck.
The value of overall sales fell 8.7% from the prior month, the biggest decline in records dating back to 1992, Commerce Department figures showed Wednesday. Estimates ranged from no change to a 24% drop, with a median projection of an 8% decline.

A stock market crash is a social phenomenon where external economic events combine with crowd psychology in a positive feedback loop where selling by some market participants drives more market participants to sell. Generally speaking, crashes usually occur under the following conditions: a prolonged period of rising stock prices and excessive economic optimism, a market where Price–earnings ratios exceed long-term averages, and extensive use of margin debt and leverage by market participants. Other aspects such as wars, large-corporation hacks, changes in federal laws and regulations, and natural disasters of highly economically productive areas may also influence a significant decline in the stock market value of a wide range of stocks.

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