Effect of Stock Market on Local Businesses

We took a look to see whether the stock market had any businesses worried.

Posted: Dec 26, 2018 6:29 PM
Updated: Dec 27, 2018 5:25 AM

BUTTE COUNTY, Calif. - The spike on the stock market the day after Christmas does not make up for one of the worst Decembers in history, but did this steep drop hurt local businesses?

Businesses told Action News Now that the stock market had no effect on their bottom line.

Business owners said holiday shoppers have kept them busy this holiday season.

Many people came shopping from out of town to help the Camp Fire relief. 

The labor department reported back in October rising weekly wages have consumer confidence high. 

Terry Strasser, the owner of the gift shop Tomfoolery, says,"We haven't had anyone mention the stock market. Hopefully, a love of people realize that's a long-term investment and they have to ride the waves of up and down and people realize they don't have to pull everything out."

Sales in the US from Nov. 1 through Christmas Eve for online and in the store were up more than 850 billion dollars, according to MasterCard. 

California Coronavirus Cases

Data is updated nightly.

Cases: 3543340

Reported Deaths: 49888
CountyCasesDeaths
Los Angeles118349620069
Riverside2885413695
San Bernardino2850812651
Orange2598573848
San Diego2578053218
Santa Clara1095061747
Kern102137786
Fresno945841397
Sacramento926211446
Alameda797961200
Ventura76947805
San Joaquin662901042
Contra Costa61865653
Stanislaus55487937
Tulare47680731
Monterey42016323
San Mateo38552502
San Francisco33947394
Santa Barbara31630398
Solano29882161
Merced28749393
Sonoma27845295
Imperial26840587
Kings21916218
Placer19661231
San Luis Obispo19500221
Madera15325201
Santa Cruz14516174
Marin13083197
Yolo12689185
Shasta10950172
Butte10855158
El Dorado906995
Napa895068
Sutter881896
San Benito572358
Yuba571936
Lassen559419
Tehama506852
Tuolumne392959
Nevada390974
Mendocino379043
Amador343840
Humboldt313633
Lake310740
Glenn220723
Colusa212513
Calaveras190225
Siskiyou172013
Inyo127835
Mono12084
Del Norte9765
Plumas6516
Modoc4504
Mariposa3937
Trinity3525
Sierra990
Alpine800
Unassigned00
Chico
Clear
55° wxIcon
Hi: 64° Lo: 39°
Feels Like: 55°
Oroville
Clear
58° wxIcon
Hi: 65° Lo: 49°
Feels Like: 58°
Chico
Clear
55° wxIcon
Hi: 57° Lo: 44°
Feels Like: 55°
Red Bluff
Clear
56° wxIcon
Hi: 38° Lo: 16°
Feels Like: 56°
Red Bluff
Clear
56° wxIcon
Hi: 59° Lo: 46°
Feels Like: 56°
Chico
Clear
55° wxIcon
Hi: 64° Lo: 48°
Feels Like: 55°
Strong wind continues to blow through the valley this afternoon, and will last through the evening. Thursday will still be a fairly breezy day, but the wind won't be as strong and our temperatures will be warmer. More wind is coming Friday and Saturday.
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