Reality Strikes the Stock MarketBy Colm QuinnHere is today’s Foreign Policy brief: The U.S. stock market takes its first big dive after weeks of gains, North Korea says it is finished with U.S. diplomatic efforts, and Syria names a new prime minister. After Weeks of Gains, Stocks Take a DiveThe U.S. stock market appears to be facing reality after weeks of climbing amid mass unemployment, mass unrest in U.S. cities, and tens of thousands across the country—and the world—dying of COVID-19. Although it may be obvious to those outside the financial world that things are not looking good, the stock market is not always primed to focus on the present. On May 29, Foreign Policy asked leading experts to explain why the market rallied even as the world crumbled. Syrian Presdient Bashar al-Assad has fired Prime Minister Imad Khamis and replaced him with Hussein Arnous, the current water resources minister.

Source: Libya Today June 12, 2020 10:18 UTC