In spite of all the negative news from mainstream media, the stock market is telling a much different story. The DJIA is commonly used as the pulse of the American economy by the media, but investors usually put more faith in the S&P 500. The Russell indexes also provide a good picture of what is happening in the stock market.
Here is a summary table along with individual charts for each index from the beginning of 2020 through 8/18/200 that clearly show the market is pretty much back to what it was before the COVID pandemic overreaction that lead to shutting down America and in some cases is even better.
Hopefully, things will be even better by November.
Dow Jones Industrial Average (DJIA)
The Dow Jones Industrial Average (DJIA), also known as the Dow 30, is a stock market index that tracks 30 large, publicly-owned blue-chip companies trading on the New York Stock Exchange (NYSE) and the NASDAQ
S&P 500
The S&P 500 or Standard & Poor’s 500 Index is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. The index is widely regarded as the best gauge of large-cap U.S. equities.
Russell 3000 Index
The Russell 3000 Index is a market-capitalization-weighted equity index maintained by FTSE Russell that provides exposure to the entire U.S. stock market. The index tracks the performance of the 3,000 largest U.S.-traded stocks which represent about 98% of all U.S incorporated equity securities.
Russell 2000 Index
The Russell 2000 index is an index measuring the performance of approximately 2,000 of the smallest-cap American companies.