market

Explaining the market rally in Wall Street’s terms

By April Joyner and Kate Duguid

NEW YORK (Reuters) – Risk assets such as stocks and high-yield corporate bonds have climbed over the past two-and-a-half months despite a dire global economic outlook in the wake of the novel coronavirus pandemic.

The rally has left some market observers scratching their heads but has also given rise to a bundle of jargon – some old, some new – attempting to explain recent trends. Here’s a guide to what’s driving financial markets now, in Wall Street’s own words.

DON’T FIGHT THE FED

One key factor in Wall Street’s climb, strategists say, is the unprecedented monetary support from the Federal Reserve, including purchases of corporate bonds and exchange-traded funds. The Fed’s balance sheet has expanded by some $3 trillion since March. Those actions have revived the slogan “Don’t fight the Fed,” as the liquidity supplied by the U.S. central bank has fueled an upward

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Business, government operate under new rules, market rallies

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus.

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DAY AFTER: States are trying to figure out the safest way to restart their economies despite conflicting guidance out from Washington. The same goes for companies.

— As Apple begins opening stores in the U.S., it will be checking the temperatures of everyone before they can enter and handing out masks to any customer who isn’t wearing one. Like other retailers, Apple will be limiting the number of people inside and doing deep cleanings throughout the day.

The iPhone maker reopened five U.S. stores last week in Idaho, Alabama, South Carolina and Alaska. Another 27 stores will be reopening in California, Washington state, Florida, Colorado, Hawaii, Oklahoma and Arkansas. The stores in California and

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