The Impact of Coronavirus (COVID-19) on New York Stock Exchange
Abstract
The value of any stock market could change for several diverse reasons such as financial, economic and health. The value of the New York Stock Exchange market has reduced drastically in the first quarter of 2020 and expected to reduce further in the upcoming months, according to many economists (Ayittey et al., 2020; White, 2017). It will face a huge blow this year due to the appearance of the unexpected new virus (COVID-19). The New York Stock Exchange has fallen sharply for the first time in 23 years, causing a significant crash in consumer sentiment indexes, thereafter, decreasing the overall global stock market value (Financial Buzz, 2020). Such instances are rarely encountered, making investors to feel insecure and unsafe to make significant decisions about their investments. Together with these uncertainties and fears, many industries were badly affected and many other industries benefited from this global health crisis (Ayittey et al., 2020). Through this research paper, an exploration of the effects of COVID-19 on New York Stock Exchange market are done with support from expert opinions.
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