The S & P 500 spike caused by the 2020 coronavirus was later annulled .
Stock markets rallied in the immediate aftermath of the announcement , with the S & P 500 spiking by over 1 percent , but this was quickly annulled in the following trading , and the stock market reversed the spike within hours due to worries that financial easing would not address the outbreak 's impact on consumers and businesses.
2020 coronavirus pandemic in the United States