It’s been nearly a year since the coronavirus pandemic ended the S&P 500’s longest-ever bull run and sent stocks everywhere into a violent nosedive. The turmoil was a fitting start to a year of frenzied activity.The virus continues to wreak havoc on our daily lives, but markets have long since forgotten the painful reckoning.
The big bang: March 12, 2020 handed Wall Street its worst day of losses in over three decades. The S&P 500 (DVS), Dow (INDU) and Nasdaq Composite (COMP) suffered double-digit declines, with the pan-European Stoxx 600 (SXXL) index logging its worst day on record.
The collapse felt particularly shocking because markets had been shrugging off the coronavirus for weeks, even as alarm bells sounded in various corners of the global economy.