Dow Blog

The Dow is a stock market index that tracks the daily price of shares of stock of 30 large publicly-owned companies sold on the US stock exchanges. The Dow is also one of the most commonly followed equity records. For the last year, the market has had an interesting curve. It was an upward trend before dropping earlier this year. The market seems to have peaked on February 13th this year before majorly dropping a week later. From about February 20th all the way to around March 20th the market continued to drop further and further. But come March 23rd the market has been rising. It is not yet where it was before the drop but it seems to be continuing to rise. Taking into account the video we recently watched for The Ascent of Money and what we have learned about the stock market, we can't be too sure if this upward trend will continue or not because the stock market is constantly surprising us. We know COVID-19 is the main driver behind this drop because this is a worldwide issue and is especially affecting the United States economy.  Due to the current pandemic restaurants, stores, and basically every other kind of business has had to shut down or limit how they can work. Because of the entire country being quarantined and in lockdown our economy is not functioning properly and people are not able to make money (or at least not to the same extent as pre-quarantine). This means spending and consuming are not occurring as often and this is what drives our stock market. Based on the graph of this current year, and since it is beginning to slope upwards again, I can only assume it will continue to grow in that direction. This coming week the city is planning to open again and with this come businesses reopening and the economy functioning the way it use to. I think that the stock market will continue to grow upwards in the next 6 months and after a year we will be at a similar point to where we were before COVID-19.



I think the concept of the stock market as a whole affects power the most in terms of global politics. It includes involvement from corporations as well as citizens, making everyone in the economy involved in some way. With the idea of a "shock market"(a term we learned while watching AOM3) that can burst at any time, would affect everyone in a society and we can see that now with COVID-19 and the drop in the Dow stock market. I think the idea of the stock market and based on what we have seen can definitely be considered hard power.

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