PropertyValue
?:abstract
  • COVID-19 has had a much larger impact on the financial markets compared to previous epidemics because the news information is transferred over the social networks at a speed of light. Using Twitter\'s API, we compiled a unique dataset with more than 26 million COVID-19 related Tweets collected from February 2nd until May 1st, 2020. We find that more frequent use of the word\'stock\'in daily Tweets is associated with a substantial decline in log returns of three key US indices - Dow Jones Industrial Average, S&P500, and NASDAQ. The results remain virtually unchanged in multiple robustness checks.
is ?:annotates of
?:arxiv_id
  • 2011.08717
?:creator
?:externalLink
?:license
  • arxiv
?:pdf_json_files
  • document_parses/pdf_json/cc888d26bc71318f92581314da4d0ca71a50607e.json
?:publication_isRelatedTo_Disease
?:sha_id
?:source
  • ArXiv
?:title
  • COVID-19 and the stock market: evidence from Twitter
?:type
?:year
  • 2020-11-13

Metadata

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