Small Businesses Unaffected by Stock Market
May 3, 2007 -- The constant ups and downs of the stock market have almost no impact on the nation's small businesses, a recent survey found.
Of more than 1,000 small-business owners polled nationwide, 68 percent said changes in the stock market have no noticeable affect on their business, according to Discover. Up to 88 percent said the stock market "occasionally, rarely, or never" has an influence on their business decisions, while over half said stock market conditions don't reflect the day-to-day economic realities they experience in their own market sectors, the survey found.
The results "lend weight to the belief that what's happening on Wall Street doesn't always reflect economic conditions or activity of Main Street America's small businesses," Sastry Rachakonda, director of Discover's small-business credit card, said in a statement.
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