AZO - These 2 Real-World Companies Prove the Economy's Bouncing Back
The stock market has remained resilient throughout the COVID-19 pandemic, rebounding quickly from the initial shock of a global health crisis to post amazing returns in 2020. However, the global economy took a little more time to get back on its feet. Now, as economies reopen and vaccination efforts proceed apace, investors are hopeful that even some of the companies that got left behind will start to bounce back.
That hope led to a modest rise in the stock market on Tuesday morning. As of 10:45 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 22 points to 34,416. The S&P 500 (SNPINDEX: ^GSPC) had picked up 3 points to 4,200, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had risen 43 points to 13,704.
In particular, a couple of companies that average people outside the investing community know well released their latest financial reports. For investors in AutoZone (NYSE: AZO) and Cracker Barrel Old Country Store (NASDAQ: CBRL) , share price moves were mixed, but both companies had encouraging things to say about improving economic conditions in the U.S. economy.
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These 2 Real-World Companies Prove the Economy's Bouncing Back