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2020: A Timeline Recap

2020 has been unlike any other thanks to the COVID-19 pandemic, our strange stock market, and social unrest leading up to the Nov. 3rd Presidential Election. This recap is for you to see what we have already been through as we look toward a brighter future as we assess what we have learned from this year.

January 2020

6th   The U.S. Centers for Disease Control and Prevention issues travel warning for Americans visiting China.

20th  The first case of COVID-19 in the U.S.

22nd  The entire city of Wuhan, China, is quarantined.

30th  The World Health Organization (WHO) declares COVID-19 a worldwide Public Health Emergency

February

24th  The Dow Jones drops 1,000 points.

27th  The First school closure occurs in Washington state for two days due to COVID-19

29th  The First recorded COVID-19 death in the U.S. (earlier deaths were later reported)

March

9th   The Dow Jones plunges 2,000 points. Italy enters nationwide quarantine.

11th  The WHO declares COVID-19 a pandemic.

12th  The Dow Jones plunges more than 2,300 points. Major league sports announce cancellations and suspensions of training and games.

13th  President Donald Trump declares COVID-19 a national emergency in the U.S.

16th  27 U.S. states close schools. The Dow Jones Industrial Average falls by 2,997.10, the largest single-day point drop ever.

20th  The worldwide COVID-19 death toll passes 10,000. New York Governor Andrew Cuomo issues stay-at-home order as New York cases surpass 7,000.

21st  The deadline for filing 2019 taxes extends to July 15, 2020.

27th  The U.S. House and Senate pass the CARES Act to provide economic assistance to Americans.

April

2nd   Worldwide COVID-19 cases pass 1 million. More than 6.6 million U.S. workers file for unemployment

9th   Worldwide COVID-19 deaths reach 100,000

10th  The U.S. becomes the first country to report 2,000 COVID-19 deaths in a single day.

13th  The IRS begins sending stimulus checks to Americans.

14th  President Donald Trump halts funding for WHO.

May

6th   Most schools in the U.S. close for the academic year and distance learning begins.

8th   U.S. unemployment hits 14.7%.

27th  The U.S. passes 100,000 COVID-19 deaths.

31st  George Floyd dies while in police custody in Minneapolis, MN, sparking worldwide protests and civil unrest.

June

10th  The U.S. becomes the first country to reach 2 million COVID-19 cases. 

28th  COVID-19 cases pass 10 million worldwide.

29th  The Dow Jones Industrial Average rises 580.25 points or 2.3%.

July

3rd   Major League Baseball cancels the 2020 All-Star game.

15th  2019 taxes are due for filing.

23rd  California surpasses New York in the most COVID-19 cases.

31st  The S&P 500 gains 5.5%, now up 1.25% on the year.

August

8th   The number of COVID-19 cases in the U.S. reaches 5 million.

15th  As schools begin the 2020/2021 school year, the number of COViD-19 cases among children in the U.S. increases by 90%.

31st   The Dow Jones gained 7.57%, its best August performance since 1984 when it gained 9.78%

September

2nd   Total COVID-19 cases in the U.S. reach 6 million.

10th  Worldwide COVID-19 deaths top 900,000.

21st  The U.S. COVID-19 Death toll passes 200,000.

30th  The Down Jones ends September with a decline of 2.3%, the S&P 500 drops by 3.9%, and the NASDAQ declines 5.2%

October

2nd   U.S. President Donald Trump, First Lady Melania Trump, and several White House staff members test positive for COVID-19.

17th  The CDC reports over 217,000 deaths from COVID-19. and total cases reach 8 million in the U.S.

18th  House Speaker Nancy Pelosi sets Oct. 20 deadline for reaching an economic stimulus deal that would provide each American a $1,200 stimulus check.

November

3rd   U.S. Election Day

This year has shown that there is no way of knowing what is coming next. However, a trusted financial advisor can help to better prepare you. If you have been affected by the events of this year or want to learn more, contact our office today. We are happy to help.

*Advisory services offered through Trajan Wealth, L.L.C., an SEC-registered investment advisor. 

*These links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Trajan Wealth, L.L.C., of any of the products, services or opinions of the corporation or organization or individual. Trajan Wealth, L.L.C., bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links.

Sources:

https://www.bloomberg.com/markets

https://www.cnn.com/2020/08/14/us/schools-reopening-pandemic-lessons/index.html

https://www.edweek.org/ew/section/multimedia/the-coronavirus-spring-the-historic-closing-of.html

https://covid.cdc.gov/covid-data-tracker/?CDC_AA_refVal=https%3A%2F%2Fwww.cdc.gov%2Fcoronavirus%2F2019-ncov%2Fcases-updates%2Fcases-in-us.html#trends_dailytrendsdeaths

https://www.washingtonpost.com/us-policy/2020/10/18/pelosi-stimulus-economy-trump/

https://www.nasdaq.com/articles/president-trumps-position-on-social-security-is-at-odds-with-what-the-majority-of

https://www.irs.gov/newsroom/deferral-of-employment-tax-deposits-and-payments-through-december-31-2020