Staff Reports
The economy is still doing pretty well, but it’s not as great as it used to be. Inflation is still high and that’s not good for how people feel about the economy. The unemployment rate is low, but there are still a lot of job openings, causing prices to go up. The stock market is the best thing about the economy right now, and it’s booming.
One big thing in the stock market is Nvidia, which makes computer parts. It’s now the second-biggest company in the world, and its stock price has increased a lot. This is good news for the economy, especially because many other things aren’t doing great.
The stock market swell is more of a Magnificent Seven surge (which, in turn, is more of an Nvidia explosion) https://t.co/6Zvpmp9Fbv
— America First Newsroom™ (@AmFrstNewsRoom) June 14, 2024
The President, Joe Biden, might be unable to take credit for how the stock market is doing, but it’s still a good thing for him to discuss. Since he became President, the New York Stock Exchange has gone up by 27%, which is more than how much prices have gone up. That’s important because many Americans own stocks; when the stock market does well, that’s good for them.
However, not all parts of the stock market do as well as others. When you take away how much prices have increased, the stock market isn’t doing as great as it seems. One company, Nvidia, is pushing up the stock market. It’s doing much better than big companies like Amazon, Apple, and Microsoft.
Nvidia is doing so well that it’s worth more than all the money made in one year in Russia and Canada. That’s amazing, and it helps many people with money in stock. So, even though the whole stock market isn’t doing great, Nvidia is doing a really good job of making it seem like it is.
