![]() ![]() Over seventy trillion dollars are traded, in the form of stocks/shares, every year, to put this into perspective. The stock market is nothing more than a giant global network that tends to organize the market place where large sums of money are exchanged. Thus, I present to you: The Stock Market for Dummies. I’ll admit, with all those numbers and technical names, the stock market is a daunting phenomenon. To fully contemplate the impact of the stock market dip on peoples’ jobs and livelihoods, it’s vital to become familiar with how the stock market works. So, how bad is the recent decline? Is it enough to have an adverse and massive impact on the job market? However, single and minor fluctuations in the stock market rarely affect the job market significantly in the short run. The more a company’s earnings remain inactive/decline, the fewer chances there are for expanding job opportunities. ![]() How does this concern all of us? The stock market not only reveals the backbone of the economy but also the determination that investors and corporations have in the prospects of a market. ![]() In addition to this, Apple, Facebook, Amazon, Microsoft, and Zoom all fell by more than 4%, experiencing the worst three-day stretch since 2008. Over the past three days, the Nasdaq Composite index went down by a total of 10.03%, the S&P 500 fell by a total of approximately 7%, and the Dow Jones Industrial Average lost by 2.3%. The week hadn’t even begun properly when major technology stocks fell drastically for the third time among the three most-followed stock market indices across the United States. ![]()
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