Few black families will benefit from the historic stock market rally

By: Brian Cheung

A surging stock market despite a global pandemic and nationwide protests is calling attention to the wealth gap faced by black communities in the United States.

Optimism over an economic rebound has inspired a week of positive movement in the equities market, as the Dow Jones Industrial Average rose almost 7%. Since market lows on March 23, the S&P 500 has had the largest 50-day rally in its history, according to LPL Financial.