Weekly Market Snapshot – April 27th, 2020
Created by: Sam Tenney
- Colorado Governor Jared Polis has given the go ahead for Colorado businesses to re-open on May 3rd, with reduced workforces. “While some counties have 0 cases … Denver had a more significant outbreak, impacting about 5% of the population.” Other states are also looking at reopening plans.¹
- Data analysts have found that only 15% of businesses in regions severely affected by coronavirus have been able to secure loans from the government’s PPP (Paycheck Protection Program). The money has largely been allocated to areas with no cases and little quarantining.²
- US durable goods, commercial factory orders, have contracted at -14.4% for March, the largest drop in 6 years. The majority of this contraction is in the aviation industry, which lost around 16.3 billion dollars in orders. (Estimates for april)³
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