NewsCoronavirus

Actions

COVID-19's impact on Wall Street and our wallets

Posted at 7:59 AM, May 11, 2020
and last updated 2020-05-11 08:06:53-04

NEW YORK — Stocks ended on a high note last week, however, U.S. stock futures fell Monday morning amid concern about reopening the economy during the COVID-19 pandemic.

Yahoo Finance’s Sibile Marcellus spoke to PIX11 News about what’s happening on Wall Street and how it will affect our wallets.

Marcellus said although the curve continues to flatten, “We’re not in the clear at all.”

As unemployment numbers continue to rise, Marcellus said not everyone who lost their jobs may get them back right away, if at all, due to changes businesses will see as they reopen.

She also said the government needs to create a new stimulus for Americans to help them continue to get assistance during the pandemic.