US in a recession - but Wall Street keeps climbing

Wall Street came within a whisker of clawing back all of its 2020 losses despite the US economy being officially declared in recession. The longest economic expansion in US history ended in February as Covid-19 started to wreak havoc in the world’s largest economy, according to the National Bureau of Economic Research. America's official arbiter of recessions said the pandemic had triggered a downturn of “unprecedented magnitude” with a “broad reach” across the enti