Dow Blog

Dow Market

The Dow Jones Industrial Average, better known as the DOW, is a stock market index that measures the stock performance of 30 large companies. Recently, the Dow market has seen a very significant decrease in value. Although, this February, the Dow was at a quick skyrocketing high of 29,551 points and just as quickly dropped to 18,591 points by the end of March. Now this is due to the coronavirus pandemic. As of the current state of the Dow market remains as low as 23,475, and this is due to the economy unexpectedly forced to close non-essential businesses and consumers forced to stay home and not contribute to society. Now that Americans can no longer contribute, spending is at an all time low because of social distancing. Also the fact that a large amount of citizens are currently unemployed and are no longer being paid many people are losing their homes, going bankrupt and simply cannot be considered contributors. Something that is driving this drop in the Dow is that the American government has made many propositions when it comes to keeping its citizens feel secure and has made numerous actions protecting large corporations and small businesses by providing loans and unemployment aid. Now our very “intelligent” president is wanting a new start to our economy and trying to open up some of the state's small businesses with low cases of COVID-19. There is a reason why the government has been practicing social distancing, it is to stop the spread of this virus. This would work if citizens actually stuck with this movement and stayed in their house. Now this, I understand why and it's important to remember that President Trump is a businessman and has many insights when it comes to how the economy works. Now, if Trump does decide to open up non-essential businesses our society is in trouble! The virus will spread, mutate and basically be something humans will either need to evolve past or live with for a very long time.

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