I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.
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Due to the widespread coronavirus pandemic, Industrial goods and finance services have been the most affected stock sectors in history. The data which was collected by learnbonds.com displays that on average, the performance of the stocks of these sectors was -16.% in the last week, -31.6% in the last month, and -28.1% in the last three months.
It has been also confirmed from the sources that the stock market performance was badly impacted by the COVID-19 virus since the last three months. Last week’s figure showcases that industrial goods were at -19.6% whereas the finance industry was measured -14.6%.
With the last one and three months, the three sectors, industrial goods, finance, and services are struggling to get the things better on-board soon. For the last month, the performance of the stocks for industrial goods, finance and services sectors was -34.6 %, -32.1%, and -26.8%.
Looping onto the healthcare sector, the healthcare stock performance has been in a developing process since the coronavirus pandemic. In the last month, when the novel coronavirus spread all over the world, since then, the healthcare sector started getting good figures to the industry. This was due to the extreme demand for healthcare, medical, drug, and other healthcare equipment.
Furthermore, the virus was first reported in North America and Europe. Three months ago, during the Coronavirus first outbreak, the healthcare stock performance was at -16.0%. There were only two sectors which were ranked higher, with conglomerates at -15.5% followed and utilities at -13.9%.
Analysts are still clueless about the stock predictions in the coming days. Though, it will take months or a year to get the industries under control as earlier.