ArticleTechnological forecasting and social change2021
Effects of the COVID-19 pandemic on the US stock market and uncertainty: A comparative assessment between the first and second waves.
Article in Technological forecasting and social change, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 22 papers.
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Who cites it
22 citing papers in PubMed, 163 citations in OpenAlex.
- Article
- Does personal experience with COVID-19 impact investment decisions? Evidence from a survey of US retail investors.International review of financial analysis · 2023Article
- Role of proliferation COVID-19 media chatter in predicting Indian stock market: Integrated framework of nonlinear feature transformation and advanced AI.Expert systems with applications · 2023Article
- Does US full vaccination against COVID-19 immunize correspondingly S&P500 index: Evidence from the NARDL approach.Heliyon · 2023Article
- Connectedness of COVID vaccination with economic policy uncertainty, oil, bonds, and sectoral equity markets: evidence from the US.Annals of operations research · 2023Article
- What can we learn about the market reaction to macroeconomic surprise? Evidence from the COVID-19 crisis.Research in international business and finance · 2023Article
- Examining the hedge performance of US dollar, VIX, and gold during the coronavirus pandemic: Is US dollar a better hedge asset?PloS one · 2023Article
- The impact of COVID-19 induced panic on stock market returns: A two-year experience.Economic analysis and policy · 2022Article
- Global pandemic crisis and risk contagion in GCC stock markets.Journal of economic behavior & organization · 2022Article
- The Cryptocurrency Market in Transition before and after COVID-19: An Opportunity for Investors?Entropy (Basel, Switzerland) · 2022Article
- Stock market in the age of COVID19: Mere acclimatization or Stockholm syndrome?Journal of economic asymmetries · 2022Article
- Oil price, US stock market and the US business conditions in the era of COVID-19 pandemic outbreak.Economic analysis and policy · 2022Article
- Covid-19 vaccination, fear and anxiety: Evidence from Google search trends.Social science & medicine (1982) · 2022Article
- US biopharmaceutical companies' stock market reaction to the COVID-19 pandemic. Understanding the concept of the 'paradoxical spiral' from a sustainability perspective.Technological forecasting and social change · 2022Article
- Social-economic impacts of epidemic diseases.Technological forecasting and social change · 2022Article
- Impact of liquidity spillovers among industrial sectors on stock markets during crisis periods: Evidence from the S&P 500 index.PloS one · 2022Article
- Dynamic causality interplay from COVID-19 pandemic to oil price, stock market, and economic policy uncertainty: evidence from oil-importing and oil-exporting countries.Annals of operations research · 2022Article
- The source of financial contagion and spillovers: An evaluation of the covid-19 pandemic and the global financial crisis.PloS one · 2022Article
- Relationship between mobility and road traffic injuries during COVID-19 pandemic-The role of attendant factors.PloS one · 2022Article
- The Impacts of COVID-19 on China's Economy and Energy in the Context of Trade Protectionism.International journal of environmental research and public health · 2021Article
Corrections and comments
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Authors and funding
5 authors at 4 institutions in 2 countries.
Funding
No grant is acknowledged in the PubMed record.
Abstract
This paper makes the first comparative assessment of the impacts of the first and second waves of the ongoing COVID-19 pandemic for the US stock market and its uncertainty. To this end, we investigate the dynamic conditional correlation and the asymmetric impacts of shocks on the correlation between the US and Chinese stock markets before and during the COVID-19 crisis. Furthermore, we analyze and compare the relationship between the COVID-19 pandemic and US returns and uncertainty during the first and second waves of the pandemic. First, we find that the dynamic correlation approach supports the presence of volatility spillovers (contagion effects) between the two stock markets, especially during the rapid spread phase of COVID-19 in the US. Second, the analysis of news impact correlation surfaces shows that the shocks to the US and Chinese markets have asymmetric effects on the correlation between the two markets. Finally, we find a persistent link between US returns, uncertainty, and the COVID-19 pandemic during the first and second waves of the outbreak. Our results prove that the pandemic has shown harmful consequences for financial markets in general and the US economy in particular.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.