Billions wiped back onto markets after coronavirus sell off

Dow Jones rebounds more than 5%

clock • 3 min read

As markets bounced back after last month’s Coronavirus panic sell-off - the S&P 500 rose 4.6% on Monday - advisers were telling their clients what they always have, to ride the wave.

The FTSE 100 dropped around 10% over the last fortnight but Tuesday morning (3 March) saw the FTSE climb back around 2%. A retreat from UK equities saw the FTSE 100 dip to Brexit referendum levels, evoking BBC headlines such as ‘Global shares suffer worst week since financial crisis' and ‘Dow falls more than 4% amid coronavirus stock rout'. LBC went with the classic 'wiped off' headline with: 'Over £150 billion wiped off London markets amid coronavirus fears'. The Dow Jones, however, jumped 5.09% yesterday and the S&P 500 rebounded 4.6%, reflecting returning investor confidence. The l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read