All
Stocks are down 36% to 39% and will remain down until investors can estimate
the end of the Chinese Coronavirus-19 and the return to regular business.
Travel related stocks and supply chain interruptions are leading this decline.
Dow
Drop
The Dow
hit its high at 29,551.42 on 2/12/20 in its rush to Dow 30,000. Then the Chinese Coronavid-19 outbreak and
the Oil Price War between Russia and Saudi began to affect the Stock Market.
One month later, on 3/12/20 the Dow has dropped by 8,350.82 by 39% to 21,200.61.
The Dow
Closing Prices from 2/3/20 to 3/12/20 are listed below.
Dow
Close
3/12/20 21,200.61
3/11/20
23,553.22
3/10/20
25,018.16
3/9/20
23,851.02
3/6/20
25,864.78
3/5/20
26,121.28
3/4/20
27,090.88
3/3/20
25,917.41
3/2/20
26,703.32
2/28/20
25,409.36
2/27/20
25,766.64
2/26/20
26,957.59
2/25/20
27,081.36
2/24/20
27,960.80
2/21/20
28,992.41
2/20/20
29,219.98
2/19/20
29,348.03
2/18/20
29,232.19
2/14/20
29,398.08
2/13/20
29.423.31
2/12/20 29,551.42
2/11/20
29,276.34
2/10/20
29,276.82
2/7/20
29,102.51
2/6/20
29,379.77
2/5/20
29,290.85
2/4/20
28,807.63
2/3/20
28,399.81
S&P
500 Drop
The
S&P 500 hit its high at 3386.15 on 2/19/20 in its rush to 3400. The Chinese Coronavid-19 outbreak and the Oil
Price War between Russia and Saudi were underway and continued to affect the
Stock Market. One month later, on 3/12/20 the S&P has dropped by 905.44 by
36.5% to 2480.71
The
S&P 500 Closing Prices from 2/3/20 to 3/12/20 are listed below.
S&P Close by Day 2020
3/12/20
2480.71
3/11/20
2741.38
3/10/20
2882.23
3/9/20
2746.56
3/6/20
2972.37
3/5/20
3023.94
3/4/20 3130.12
3/3/20
3003.37
3/2/20
3090.23
2/28/20
2954.22
2/27/20
2978.76
2/26/20
3116.39
2/25/20
3128.21
2/24/20
3130.12
2/21/20
3337.75
2/20/20
3373.23
2/19/20
3386.15
2/18/20
3370.29
2/14/20
3380.16
2/13/20
3373.94
2/12/20
3379.45
2/11/20
3357.75
2/10/20
3352.09
2/7/20
3327.71
2/6/20
3345.78
2/5/20
3334.69
2/4/20
3297.59
2/3/20
3248.92
NASDAQ Drop
The
NASDAQ hit its high at 9817.18 on 2/19/20 in its rush to 10.000. The Chinese Coronavid-19 outbreak and the Oil
Price War between Russia and Saudi were underway and continued to affect the
Stock Market. One month later, on 3/12/20 the NASDAQ has dropped by 2609.30 by
36% to 7207.80
The
S&P 500 Closing Prices from 2/3/20 to 3/12/20 are listed below.
NASDAQ Close by Day 2020
3/12/20
7207.80
3/11/20
7952.05
3/10/20
8344.25
3/9/20
7950.68
3/6/20
8575.62
3/5/20
8738.59
3/4/20 9018.09
3/3/20
8684.09
3/2/20
8952.17
2/28/20 8567.37
2/27/20 8566.48
2/26/20 8980.78
2/25/20 8965.81
2/24/20 9221.28
2/21/20 9576.59
2/20/20 9750.97
2/19/20 9817.18
2/18/20 9732.74
2/14/20 9731.18
2/13/20 9711.97
2/12/20 9725.96
2/11/20 9638.94
2/10/20 9628.39
2/7/20 9520.51
2/6/20 9572.15
2/5/20 9508.68
2/4/20 9467.97
2/3/20 9273.40
Layoffs
and Hours Reductions follow Declines in Demand. Those employed in affected
businesses will migrate to some of the 7 million job openings we have in the
US. Travel dependent and entertainment
businesses include tourism, restaurants, hotels, meeting venues, retail, sports
events and others.
Norb
Leahy, Dunwoody GA Tea Party Leader
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