COVID-19 Prompts Record Drop in Investor Optimism
(WorldNews Environment)

Story Highlights Investor Optimism Index dropped 134 points in the second quarter Investors` outlook sours more on the economy than their own finances Majority still have faith in stock market as good place to grow wealth WASHINGTON, D.C. -- The Wells Fargo/Gallup Investor and Retirement Optimism Index -- an indicator of U.S. investors` outlook for the investing climate -- showed the largest quarterly drop in its history for the second quarter. The index plunged a record 134 points in May, to +4, the lowest it has been in nearly seven years. This comes after registering a 20-year high of +138 in the first quarter of 2020. Line graph. Trend in Investor and Retirement Optimism Index from...