It has been three years since the U.S. stock market hit its COVID-19 bottom as the global economy suddenly shut down at the start of the pandemic in early 2020.
The S&P 500 SPX has risen nearly 76% from its closing low of 2237.40 reached on March 23, 2020, while the Dow Jones Industrial Average DJIA is up 72.3% from its low of 18591.93 hit on the same day and the Nasdaq Composite COMP has advanced over 70%, according to Dow Jones Market Data. However, a massive amount of support from the Federal Reserve, including an emergency interest-rate cut, as well as the quick development of COVID-19 vaccines, limited a further downturn in stocks. The S&P 500 rose to an all-time high in August and reached several more all-time highs in the following months, according to Dow Jones Market Data.
Russia’s invasion of Ukraine in February 2022 and China’s zero-COVID policies, in place until the country suddenly scrapped the stringent measures in December 2022, also contributed to market volatility. The three stock indexes all suffered their worst year since 2008.
You realize of course that the changing climate will allow more pandemics, right? I recall reading a NIH report about 15 years ago on this subject, but I guess you're not getting those memos. Too bad. It could have saved your life. ClimateAction ClimateEmergency
Untrue, it bottomed out when Biden overspent, I just looked at those stats today. Hit the bottom last year
Negative 1000009%