How The Market Is Doing One Year After COVID Hit Idaho
One year ago, the World Health Organization declared COVID-19 a global pandemic. Soon after that March 2020 event, the stock market plummeted and there were widespread concerns of a recession, or possibly a depression.
But it turned out that Wall Street would thrive during the pandemic, bouncing back quickly from the March slump and then rising to an all-time high in February 2021. At the same time millions of people lost their jobs and unemployment remains above 6%.
As part of our look back on one year of COVID-19 in Idaho, we're taking a look at what we learned over the last 12 months when it comes to the financial markets in a pandemic. Idaho Matters checks in with Boise native Jason Norris with Ferguson Wellman Capital Management to tell us more.