The 3 Safest Stocks to Buy With $1,200 in Stimulus Money
Over the past two months, the stock market and U.S. economy have been rocked by the coronavirus disease 2019 (COVID-19). This unprecedented pandemic has wiped out more than 30 million jobs in a span of five weeks, and at one point had pushed the broad-based S&P 500 lower by as much as 34%.
In response to these economic disruptions, Congress passed and President Trump signed the largest stimulus package in history on March 27. The Coronavirus Aid, Relief, and Economic Security (CARES) Act totaled $2.2 trillion and set aside cash for distressed industries, small-business loans, hospitals, and the expansion of the unemployment benefits program.
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Source Fool.com
