Strome Business Minute With Dr. Jeff Tanner

Yesterday’s stock market was a nice rally. Some big gainers included Google, up ten percent, Paypal up six percent, and of local interest, Norfolk Southern up five percent. In fact, overall, the market is only down eight point five percent year to date, as investors are sorting through those businesses which are still doing well and those which are not. If you pull the oil stocks out, the market is only down about six percent. Town Bank was up over four percent, Huntington Ingalls up just over two percent and Dollar Tree up barely. To be fair, Dollar Tree is twenty percent up from its low of about five weeks ago. The good news in earnings, especially in tech stocks, drove the rally; whether it can be sustained is up to the virus. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.