Business
Is the US heading for a ‘double-dip’ recession?
Investors all around the world would probably be a fairly happy bunch right now. Our own S&P/ASX 200 Index (ASX: XJO) is currently hitting the highest level since late February this year. That was when the ASX 200 was in the midst of the coronavirus market crash. It’s also up more than 10% since the start of this month.
Over in the United States, it’s a similar story. The flagship Dow Jones Industrial Average (INDEXDJX: .DJI) index is sitting pretty close to an all-time high after gaining more than 57% since 23 March. And again, more than 10% since the start of November. That’s some confidence-boosting statistics, to be sure.
We can point to the announcement of several promising COVID-19 vaccine candidates as the likely cause for this…
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