Stocks were at their lows for the year back in March when COVID-19 was spreading rapidly throughout the world for the first time.
It was a time of fear and panic in the financial markets as stocks fell about 35% from their all-time highs in February with little information to go on for the novel virus.
But then, the United States federal government went into their economic playbook and passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
This provided over $2 trillion in economic support to American workers, families, and small businesses.
In general, most of the stock market has reacted favorably.
Since the CARES Act was passed on March 27, the S&P 500 is up 30% to new all-time highs.
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