Empirical Examination on the Drivers of the U.S. Equity Returns in the During the Covid-19 Crisis

Bibliographic Data

ID22072098
AuthorsQing Wang (0009-0003-7328-8762, Wuhan University, corresponding author), Mo Bai (0000-0003-2103-1415, Tianjin University of Commerce, corresponding author), Mai Huang (University of International Business and Economics)
Year2021
Volume9
Pages679475-679475
Publication date2021-05-21
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueFrontiers in Public Health (JOURNAL)
Journal identifiersISSN: 2296-2565 • E-ISSN: 2296-2565
PublisherFrontiers Media SA (PUBLISHER • CH)
DOI10.3389/fpubh.2021.679475
PMID34095078
OpenAlexW3162878827
LanguageEN
References cited25

This study investigates the drivers of the Standard & Poor's (S&P) 500 equity returns during the COVID-19 crisis era. The paper considers various determinants of the equity returns from December 31, 2019, to February 19, 2021. It is observed that the United States Dollar (USD) and the volatility indices (VIX) negatively affect the S&P 500 equity returns. However, the newspaper-based infectious disease “equity market volatility tracker” is positively associated with the stock market returns. These results are robust to consider both the ordinary least squares (OLS) and the least angle regression (LARS) estimators

2019-20 coronavirus outbreak · Disease · Econometrics · Economics · Financial crisis · Financial economics · Macroeconomics · Monetary economics · Ordinary least squares · Subprime crisis · COVID-19 Pandemic Impacts · Energy, Environment, Economic Growth · Market Dynamics and Volatility · Medicine · Internal Medicine

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