Despite looming questions surrounding a resurgence in COVID-19 cases across the world in the fall, companies and industries continue to outperform expectations in the stock market. New data shows which industries have grown the most in terms of total overall price since the outbreak intensified in early March.
According to MarketWatch, between the time period of Mar. 10 and Aug. 7, companies within the information technology sector grew their stock price by an average of 30.2 percent. The consumer discretionary sector was close behind, growing by 30 percent for the period. The materials and communications industries grew by around 20 percent, while companies in the health care sector grew by 11 percent.
Last Friday marked the 150th day since the coronavirus was declared a global pandemic by the World Health Organization. Despite an initial stock market crash, the stock prices of many companies and industries have flourished. Overall, the S&P 500 rose 16.3 percent, the Nasdaq Composite rose 32 percent and the Dow Jones was up 9.7 percent in the five months since the pandemic classification.
