Additionally the stock market undergoes a correction of 13.8 percent in any given year. What sparks that correction, or rapid change in value, differs. This year it was the coronavirus.
The stock market typically bounces back after a correction, and that has happened with earlier outbreaks as well. Within six months of when the swine flu started in early 2009, the S&P 500 rose 18.72 percent, and within one year, it was up 35.96 percent, Iris said, referring to Dow Jones data.
The swine flu pandemic, which spread quickly, killed more than 18,000 people worldwide, according to the World Health Organization. But researchers since have said it could have killed 10 times that number.
However, gauged by the market’s performance during the onset of other infectious diseases, including SARS, or severe acute respiratory syndrome, Ebola and avian flu, Wall Street investors may have little to fear that the pathogen will sicken a U.S. stock market that finished 2019 with the best annual return in years.
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