Filtered News Sentiments and US Equities During the COVID-19 Pandemic Open Access

Traynelis, James (Spring 2021)

Permanent URL:


Narratives play a determinate role in financial markets. Financial news data can be used as a surrogate to quantify the spread and adoption of economic narratives. This paper looks at two narratives during the COVID-19 pandemic: one of extreme monetary and fiscal stimulus and another of a vaccine. Financial data from four US stock indices (NASDAQ, SPX, RUT, NBI) was regressed on VADER sentiment ratings from New York Times and Guardian headlines. Vaccine news sentiment tracked strongly with the NASDAQ Biotech Index and Russell 2000. Stimulus news sentiment, however, did not exhibit any explanatory power at the significance levels tested.

Table of Contents

Introduction 1

Literature Review 2

Methodology 8

Results 27

Conclusion 31

References 33

About this Honors Thesis

Rights statement
  • Permission granted by the author to include this thesis or dissertation in this repository. All rights reserved by the author. Please contact the author for information regarding the reproduction and use of this thesis or dissertation.
  • English
Research Field
Committee Chair / Thesis Advisor
Committee Members
Last modified

Primary PDF

Supplemental Files