Stocks Soared 5.2% In April; Now, For The Good News

Published Friday, April 30, 2021 at: 8:34 PM EDT

After closing at a record high yesterday, the Standard & Poor’s 500 stock index dropped about seven-tenths of 1% today. The index returned 5.2% in April -- more than five times the monthly gain stocks averaged for nine decades. And, now, for the good news. Disposable personal income and the savings rate, according to today’s report from the Bureau of Economic Analysis, went parabolic again in March. The surge is attributable to the third round of government stimulus checks hitting the accounts of Americans who qualified. Thirty-seven million economic stimulus checks we sent out this week, the IRS said, upping the total...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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