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. 

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