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Quarter by Painful Quarter: A Look Back at 2020 |
| The year 2020 is rapidly drawing to a close, and many can't wait to put it in their rearview mirrors.
As we look ahead to 2021, here's a look back at the turbulent year that was.
First Quarter: Optimism Gives Way to Pandemic
January: After a 30% gain in 2019, the year started out optimistically for the S&P 500. By the middle of January, stocks were already posting solid gains. Then word of a deadly virus forcing lockdowns in China trickled out, and stocks started to falter.
By the end of January, the major indexes had turned red in volatile trading as investors tried to get a sense of how badly coronavirus could damage the global economy.
The first U.S. case was recorded Jan. 20, a traveler returning from China to Washington State, and by Jan. 31, the U.S Department of Health and Human Services had declared it a public health emergency. The market fell 3% for the month from an all-time high on Jan. 17. |
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The Biden Effect, Covid, Return to Travel and More: 7 Things to Watch in 2021 |
| The world economy is supposed to rebound sharply next year from the biggest, broadest economic shock in modern history in 2020. The distribution of vaccines against Covid-19 is set to banish fear of the coronavirus and allow a return to pre-pandemic patterns of work and consumption. Central banks have promised to keep the lid firmly on interest rates, while governments are set to keep borrowing and spending high in order to ensure that viable parts of the economy don't collapse before the health situation returns to normal |
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2020 Year In Review: Investing.com Comic Edition |
| Though many claim they're happy to see 2020 in the rearview mirror, from a markets perspective it was indeed a blockbuster year.
Check out, 20 Investing.com comics, all published over the past year, highlighting the highs and lows of 2020 and the events that stood out for markets during the year |
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Happy New Year From Investing.com! Wishing you all a happy, safe and healthy 2021! |
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