Effect of COVID-19 on Capital Market with Reference to S&P 500

12 Pages Posted: 2 Jul 2020

Date Written: July 1, 2020

Abstract

This paper has analyzed the movement of US stock market during the COVID-19 pandemic. The paper has used time series analysis using Vector Autoregression (VAR) model using data from Jan 23, 2020 to June 19, 2020. The finding suggests that Standard and Poor Index which has been used as reference for capital market has shown negative causality with increase in number of new cases at global level.

Keywords: COVID-19, pandemic, US Stock

JEL Classification: G15

Suggested Citation

Thakur, Shreeram, Effect of COVID-19 on Capital Market with Reference to S&P 500 (July 1, 2020). Available at SSRN: https://ssrn.com/abstract=3640871 or http://dx.doi.org/10.2139/ssrn.3640871

Shreeram Thakur (Contact Author)

Hitotsubashi University ( email )

2-1 Naka Kunitachi-shi
Tokyo 186-8601
Japan

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