AOM 3 (late)

  The coronavirus has caused many things including, a worldwide pandemic, a stay home order, many deaths, but also a major drop in the economy and in stocks. For example, the S&P 500 dropped 4.34% and the Nasdaq Composite dropped 3.79%. Although the stock market’s stress has been building for a while, the stress that was put on it at the beginning of the pandemic caused the stress to spill over, resulting in the 2020 Stock Market Crash. One main cause of this drop was the drop in oil prices. This drop in oil prices has hurt Houstonians and has caused many investors to rethink where they are investing their money and instead invest in other assets.
   The Dow stocks were hit very hard by the stock market crash of 2020. It has been said that it is one of the worst days that the Dow stocks have seen in history, being compared to Black Friday in 1929. The Dow stocks beat the 1929 Black Friday freefall of 12.82% with a 12.93% freefall. The Dow stocks dropped from 29,219 points to 18,591 points in just over a month, and in just nineteen days, the Dow stocks dropped 8498.93 points from 27,090.86 points to 18,691.93 points. This 19-day drop happened between March 4, 2020, and March 23, 2020.  Since then it has been on the rise slowly and is currently half of what it was at the beginning of the pandemic.

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