Coronavirus: Which stocks are up, down during crisis?

A specialist rests his head in his hand as he works on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020. U.S. stocks fell in midday trading Tuesday, a day after the market’s biggest drop in two years, as traders worry that the spreading coronavirus will threaten global economic growth. (AP Photo/Richard Drew)

A specialist rests his head in his hand as he works on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020. U.S. stocks fell in midday trading Tuesday, a day after the market’s biggest drop in two years, as traders worry that the spreading coronavirus will threaten global economic growth. (AP Photo/Richard Drew)
Business
By Parker Perry
March 18, 2020
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A number of Dayton-area businesses have temporarily closed over the last week as the coronavirus crisis continues to make its impact on the local and national economy.

Stocks fell 8% on Wall Street on Wednesday, continuing a trend of market volatility that’s taken place since the coronavirus pandemic. The typical day this month has seen the stock market swing up or down — but mostly down — by 4.9%. Over the last decade, it was just 0.4%.

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Dayton-based financial advisor Shon Anderson, president and chief wealth strategist with Anderson Financial Strategies, said he is advising most of his clients to stay the course as he expects the markets to rebound after the pandemic finishes.

“This feels much worse because of the sharpness and speed,” Anderson said. “We are not projecting a big negative portfolio return for the year, as we are agreement with other analyses that are projecting a very strong snap back of the market.”

He said in most cases, if a person doesn’t need the money within the next six to 12 months, they should consider leaving their investments alone. People should also consult an advisor about their individual needs before making a big decision, he said.

Restaurant owners worry their businesses won’t survive coronavirus extended shutdown

While the market overall has taken a hit, not all stocks are down. According to Business Insider, on Wednesday Fed Ex was up more than 5%, Walgreens was up more than 3%, Cincinnati-based Kroger was up more than 2% and Walmart was up more than 1%.

Meanwhile United Airlines, Carnival and Marriott were all down more than 25%, according to Business Insider.

The Associated Press contributed to this report

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About the Author

Parker Perry