Trump's Coronavirus Diagnosis Revitalized The Stock Market

Trump's Coronavirus Diagnosis Revitalized The Stock Market US President Donald Trump's coronavirus diagnosis revitalized the stock market. The uncertainty in the upcoming presidential election has increased even more after Trump's coronavirus test was positive. Thus, the dynamism in the already volatile stock market has increased. US President Donald Trump's announcement that he was positive on coronavirus from his social media account created a shock effect on the markets. However, activity increased two days before October, which is known as the most volatile month in stock markets. After President Trump announced that the coronavirus test was positive, the markets declined, while Wall Street's fear index VIX experienced the highest rise in the last month in transactions on Friday. Although the S&P 500 Index completed the week nearly 1 percent behind with the volatile session on Friday, 1.5 percent gain was achieved in the index throughout the week. The uncertainty about Trump's health situation has made the already restless investors even more nervous. Analysts underlined that Trump's coronavirus diagnosis also increased uncertainty about the upcoming presidential election. On the other hand, the uncertainty regarding the incentive package planned to be implemented to combat the coronavirus epidemic is expected to remain at the center of the markets.