As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
|
YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
|
 44,200 or 41,750 by 01/01/2025 16,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 |
As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
|
YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
| |
|
44,200 or 41,750 by 01/01/202516,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 | ||
At the start of 2020, a virus later named Covid-19 began spreading in China, eventually making it into most countries worldwide. To protect populations and prevent the spread of the virus, governments took drastic measures, such as closing sporting events, restaurants, bars and other businesses. Below is a closer look of the more important events during that time as they pertain to the stock market.
1. Dec 31 to Jan 3: The World Health Organization learned of 44 patients with a pneumonia of unknown cause, detected in the city of Wuhan, China. One report says the first case happened on 17 November.
Jan 7: The Chinese isolate Covid-19, a new virus.
2. Jan 9: the Chinese health authorities and WHO announced the discovery of Covid-19 as the cause of the pneumonia.
3. Over the weekend of Jan 11-12, China shares the genetic sequence of Covid-19 to help countries develop diagnostic kits. On Jan 13, the first case of Covid-19 appears outside of China, in Thailand.
4. Jan 21: US confirms first case of Covid-19, in Washington.
5. Jan 30: The Centers for Disease Control and Prevention (CDC) confirms its first case of person-to-person transmission. The next day, Pres. Trump bans foreign nationals from entering the US if they were in China during the prior 2 weeks. The next day, the Dow is down 603.
A. Feb 24: The CDC confirms 53 cases of Covid-19, with 39 of them coming from a cruise ship. I didn't find any significant Covid-19 related cause for the large drop in the Dow. Dow down 1,031.
6. Feb 27: The US confirms the first community spread Covid-19 case. Dow down 1,190.
7. Feb 29 (Saturday): First US death reported. On Monday, Dow up 1,293.
B. Mar 3: The Federal Reserve (FED) cuts interest rates by half a percentage point. Dow down 785.
8. Mar 6: President signs $8.3 billion in Covid 19 spending. Dow down 256.
9. Mar 11: US restricts travel from Europe. Dow drops 1,464
10. Mar 15 (Sunday): The FED cuts interest rate to 0%. Dow drops 2,997 on Monday.
-- Thomas Bulkowski
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