Author: Jessica Menton, USA TODAY

Both the New York Stock Exchange and Nasdaq will be closed on Monday, Sept. 7 for Labor Day.

The coronavirus recession has split America’s housing market in two: those who can afford to flee cities and buy homes even as others face eviction.

More than 833,000 Americans sought unemployment assistance last week as parts of the economy remained shuttered and COVID-19 infections persist in some states.

Stocks are back at records. But not everyone is feeling the recovery as millions of out-of-work Americans suffer because of delayed unemployment aid.

The $400 in extra unemployment aid for millions of out-of-work Americans is actually $300 in most states. And it won’t arrive for weeks, experts warn.

Record in a recession?

The U.S. stock market hit an all-time high Tuesday, staging a stunning turnaround propelled by Big Tech as trillions of dollars in stimulus aid from the Federal Reserve and Congress helped prop up an American economy gripped by recession.

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Half of this year’s top markets reside in suburbs in the Northeast, driven by a lack of affordability in nearby urban cities like New York and Boston.

U.S. stocks inched higher Monday, giving the S&P 500 another shot at its record high following a historic downturn caused by the coronavirus pandemic during the spring.

U.S. stocks rebounded Wednesday from a late slide a day earlier, with the Standard & Poor’s 500 edging closer to its February record.