Stock Talk

The Effect of Covid-19 on Stocks

The pandemic of Covid-19 has tremendously changed the stock market. Companies are losing millions because of the coronavirus, causing a huge downfall into all stock growth. People are returning their shares, leaving companies and their stocks to go down. Although the recent virus has caused a huge downfall in the stock market, some companies are doing very well. One example is Zoom. Tech companies like these are going up because during the pandemic, people needed ways to comunicate with their friends and family and to just have meeting or to go to school if you do virtual learning. People resorted to the internet and many more people started using comapanies that offered video conferencing and other things like that. Another example of companies doing well is delivery services. Many people are afraid to leave the safety of their homes in fear that they will obtain Covid-19. This benefits delivery workers as they will be paid to pick up the necessary items from that place and deliver it to the customers home.