US Shares in 2020: A Yr for the History Books

World News - Today

World / World News - Today 14 Views 0

NEW YORK—The yr 2020 was a wild one for Wall Road, bookended by the top of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for an financial recovery that resulted in the shortest bear market on document. After closing at a document excessive on Feb. 19, stocks suffered a month-long plummet because the coronavirus pandemic and related government lockdowns sowed panic concerning the injury to the financial system in america and globally. A 9.5 % slide within the S&P 500 on March 12, the benchmark index’s biggest-one day proportion drop because the “Black Monday” crash of 1987, put it down 26.7 % from the February excessive and confirmed a bear market, extensively seen as a decline of greater than 20 % from a high. But the slide solely lasted till March 23, when the S&P bottomed. ...