Despite many economic and financial challenges, does the stock market crash could push into closures? Prior to the lethal COVID-19, the stocks were touching heights for last few months and reach to record high during mid-February. In 2019, The S&P 500 has risen by 27.4 percent, the S&P MidCap 400 rose by 22.89 percent and the S&P SmallCap 600 up by 19.90 percent. Nasdaq did better and exhibited a gain of 35 per cent. Dow Jones rose by 22 percent in the previous period.
A year ahead
Despite the massive gain in 2019. Is the US stock market will survive at the same pace? The answer could be positive if trade quarrel and COVID-19 outburst were handled at earliest. Though the trade dispute shows some development still it is not that much operative as it was anticipated. COVID-19 “add fuel to the fire” while seizing trade with China due to fears of COVID-19 outbreak. The stock markets show a massive downturn since mid-February in the current period.
What Coming Next
S&P 500 index, which gained record high recently, dropped by 3.4 percent in a single day due to COVID-19 fears. Dow Jone plunged 4.4 percent while Nasdaq down by 4.8 percent. The stocks exhibit some improvement during the second week of March, however, the double-digit returns will be hard to repeat which was achieved in 2019.
Despite these signs of recovery, will the stock market slump could push to closure amid in main challenges such as trade war, COVID-19 outbreak, Fed rate vitality, political turmoil and shrinking global demand.
It is very pivotal for companies as well for individuals to access such information. Common theme practice during rescission is the layoff of workers. This insecurities fears workers and led to many other challenges.
The LaborAlert developed by Kiwi Application-LLC (play store URL: https://play.google.com/store/apps/details?id=com.labouralerts and app store URL: https://apps.apple.com/us/app/labor-alerts/id1113045391) provided such information prior to 60 days to its user amid any layoffs, plant closure, or complete shutdown. LaborAlart helps not only in layoffs of workers but also enables the user to anticipate the concurrent economic turmoil during the downturn.
Labor Alerts also provides filtered statistics for companies in a given State. This tool helps the user analyze layoff data from the past and follow trends as well as forecast how the employment situation may change in the future.
To summarize, the LaborAlerts application allows you to:
- Create company layoff alerts by simply searching for the company and tapping on their “bell” symbol.
- See what companies or states are the largest affected by the layoffs or closings
- Share through social media or text.
To get started, the application need only be installed and asks for no personal data on the user. Although the application is free to use, the following subscription criteria makes for several options to suit your needs.
Download LaborAlerts on the App Store
Download LaborAlerts on the Google Play Store
Sync your devices such as your phone, and tablet to have easy access to your account and the information on the application.