Table 2.

Variations in stock indexes, COVID19 cases & fatalities.

		Dow Jones	NASDAQ	S&P 500	Wilshire 5k	Cases	Deaths
Full term	+	160	164	157	163	179	147
	−	167	163	170	164	124	180
	Total	327	327	327	327	303	327
Wave 01	+	53	51	51	50	45	38
	−	50	52	52	53	34	65
	Total	103	103	103	103	79	103
Wave 02	+	34	31	31	31	41	26
	−	26	29	29	29	19	34
	Total	60	60	60	60	60	60
Wave 03	+	83	82	75	81	93	83
	−	81	82	89	83	71	81
	Total	164	164	164	164	164	164

¹Here the ‘+’ and ‘−’ signs represent the increase (surges) and decrease (plunges) in the growth of returns in the respective stock indexes, respectively.

²Wave01: January 01, 2020 to June 12, 2020. Wave02: June 15, 2020 to September 04, 2020. Wave03: September 7, 2020 to May 06, 2021.

³Author’s calculations - Source: Thompson Reuters.