In the first quarter of 2020, global stock indices posted substantial losses that were triggered by the outbreak of COVID-19. The period from March 6 to 18 was particularly dramatic, with several stock indices losing more than 20 percent of their value.
Worldwide panic hits markets
From the United States to the United Kingdom, stock market indices suffered steep falls as the coronavirus pandemic created economic uncertainty. The Nasdaq 100 and S&P 500 are two indices that track company performance in the United States, and both lost value as lockdowns were introduced in the country. European markets also recorded significant slumps, which triggered panic selling among investors. The FTSE 100 – the leading share index of companies in the UK – plunged by as much as 21 percent in the opening weeks of March 2020.
Is it time to invest in tech stocks?
The S&P 500 is regarded as the best representation of the U.S. economy because it includes more companies from the leading industries. However, helped in no small part by its focus on tech companies, the Nasdaq 100 has risen in popularity and seen remarkable growth in recent years. Global demand for digital technologies has increased further due to the coronavirus, with remote working and online shopping becoming part of the new normal. As a result, more investors are likely to switch to the tech stocks listed on the Nasdaq 100.
Change in value during coronavirus outbreak of selected stock market indices worldwide from January 1 to March 18, 2020
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Il Sole 24 Ore. (March 18, 2020). Change in value during coronavirus outbreak of selected stock market indices worldwide from January 1 to March 18, 2020 [Graph]. In Statista. Retrieved December 12, 2024, from https://www.statista.com/statistics/1105021/coronavirus-outbreak-stock-market-change/
Il Sole 24 Ore. "Change in value during coronavirus outbreak of selected stock market indices worldwide from January 1 to March 18, 2020." Chart. March 18, 2020. Statista. Accessed December 12, 2024. https://www.statista.com/statistics/1105021/coronavirus-outbreak-stock-market-change/
Il Sole 24 Ore. (2020). Change in value during coronavirus outbreak of selected stock market indices worldwide from January 1 to March 18, 2020. Statista. Statista Inc.. Accessed: December 12, 2024. https://www.statista.com/statistics/1105021/coronavirus-outbreak-stock-market-change/
Il Sole 24 Ore. "Change in Value during Coronavirus Outbreak of Selected Stock Market Indices Worldwide from January 1 to March 18, 2020." Statista, Statista Inc., 18 Mar 2020, https://www.statista.com/statistics/1105021/coronavirus-outbreak-stock-market-change/
Il Sole 24 Ore, Change in value during coronavirus outbreak of selected stock market indices worldwide from January 1 to March 18, 2020 Statista, https://www.statista.com/statistics/1105021/coronavirus-outbreak-stock-market-change/ (last visited December 12, 2024)
Change in value during coronavirus outbreak of selected stock market indices worldwide from January 1 to March 18, 2020 [Graph], Il Sole 24 Ore, March 18, 2020. [Online]. Available: https://www.statista.com/statistics/1105021/coronavirus-outbreak-stock-market-change/