Open AccessImpact of Covid-19 Pandemic on Dow Jones Index
Author(s) -
Dhaval Maheta,
Jaini Shah
Publication year - 2021
Publication title -
asia-pacific journal of management and technology
Language(s) - English
Resource type - Journals
ISSN - 2652-6840
DOI - 10.46977/apjmt.2021v01i03.003
Subject(s) - covid-19 , pandemic , index (typography) , stock market , closing (real estate) , stock market index , economics , financial economics , event study , financial crisis , business , econometrics , history , finance , macroeconomics , medicine , virology , outbreak , computer science , infectious disease (medical specialty) , context (archaeology) , disease , archaeology , world wide web
Covid-19 pandemic emerged as a Black Swan event that has shaken the global economy. In the present study the researchers have tried to determine the Impact of Covid-19 pandemic on the US Stock markets using data of Covid-19 confirmed cases and closing price of Dow Jones Index over the period January 21,2020 to May 31,2020. To determine the relationship between covid-19 and US stock market Granger-Casualty test and Johnsen Co-integration test. The Study findings revealed that there is a short-term relationship between this two which means the Covid-19 pandemic has positive impact on price of stock market in a short run.