What A Difference A Year Makes! Taking Stock One Year After The Markets Tanked.

FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks were mixed in early trading on Monday, March 15, 2021, as investors sifted a mixed bag of data from China. Wall Street continues to eye the bond market, where yields gave back some of last week's gains. (AP Photo/Seth Wenig, File)

What a difference a year makes.

On March 16, 2020, the upcoming cancellation of St. Patrick’s Day in less than 24 hours was not even close to being the worst thing to worry about. Especially for investors.

Because of the onset of the coronavirus pandemic, and the realities of a shutdown economy looming, the Dow took a 13% tumble in a single day.

More specifically, it fell 2,997 points, which is almost 13% of the total value.

Things weren’t much better with the S&P, as it fell 12% on March 16, 2020, the second worst day ever recorded.

While it certainly didn’t happen overnight, it’s safe to say the markets have recovered.  One year later, the value of global stocks traded on U.S. markets have added $40 trillion in value.

The biggest gains were in two of the previously biggest sectors, as technology and healthcare now account for 42% of the markets’ value.

Instead of fear, apprehension and uncertainty being the primary moods of the country, and Wall Street, the vibe now is confidence and optimism, as most of the country continues it’s slow march to “normalcy” as millions of people receive COVID-19 vaccinations weekly.

On Monday, both The Dow and S&P 500 hit new record highs. The Dow Jones Industrial Average went up 174 points for a record close of 32,953.46.

The S&P closed 3,968.94, an all-time high and fifth straight day it gained.

Airline travel is up. Professional sports teams will begin welcoming fans back. Restaurants, movie theaters and gyms are starting to open in states that have been more aggressive with their lockdowns.

What a difference a year makes.

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