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

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 v...

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Detalles Bibliográficos
Autores principales: Wang, Qing, Bai, Mo, Huang, Mai
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2021
Materias:
Public Health
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8175772/
https://www.ncbi.nlm.nih.gov/pubmed/34095078
http://dx.doi.org/10.3389/fpubh.2021.679475
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author Wang, Qing
Bai, Mo
Huang, Mai
author_facet Wang, Qing
Bai, Mo
Huang, Mai
author_sort Wang, Qing
collection PubMed
description 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.
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spelling pubmed-81757722021-06-05 Empirical Examination on the Drivers of the U.S. Equity Returns in the During the COVID-19 Crisis Wang, Qing Bai, Mo Huang, Mai Front Public Health Public Health 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. Frontiers Media S.A. 2021-05-21 /pmc/articles/PMC8175772/ /pubmed/34095078 http://dx.doi.org/10.3389/fpubh.2021.679475 Text en Copyright © 2021 Wang, Bai and Huang. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Wang, Qing
Bai, Mo
Huang, Mai
Empirical Examination on the Drivers of the U.S. Equity Returns in the During the COVID-19 Crisis
title Empirical Examination on the Drivers of the U.S. Equity Returns in the During the COVID-19 Crisis
title_full Empirical Examination on the Drivers of the U.S. Equity Returns in the During the COVID-19 Crisis
title_fullStr Empirical Examination on the Drivers of the U.S. Equity Returns in the During the COVID-19 Crisis
title_full_unstemmed Empirical Examination on the Drivers of the U.S. Equity Returns in the During the COVID-19 Crisis
title_short Empirical Examination on the Drivers of the U.S. Equity Returns in the During the COVID-19 Crisis
title_sort empirical examination on the drivers of the u.s. equity returns in the during the covid-19 crisis
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8175772/
https://www.ncbi.nlm.nih.gov/pubmed/34095078
http://dx.doi.org/10.3389/fpubh.2021.679475
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