Stocks Fall Nearly 10% as Economic Concerns Continue Over Coronavirus
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From the Center
Stocks dive on Dow’s worst day since 1987, tech crashes and Bitcoin is no haven
Well, that was terrible.
During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the stock market crash in 1987 (when markets were sufficiently scarred to institute failsafe measures for the future, to prevent similar, shocking declines).
Investors shrugged off news that the Federal Reserve was stepping in to offer nearly $1.5 trillion in emergency relief as the major indexes all fell sharply the morning after President Donald Trump addressed the nation to outline...
From the Right
Another bloodbath on Wall Street as coronavirus spreads alarm through economy
The coronavirus spread alarm from Wall Street to Main Street on Thursday, inflicting another bloodbath in the stock market while consumers showed signs of curtailing spending and cancellations hit everything from professional sports leagues to Broadway shows.
As the number of infection cases in the U.S. surpassed 1,300 and deaths rose to 38, major stock indexes suffered another furious sell-off and plunged well into bear-market territory. The Dow Jones Industrial Average fell more than 2,000 points for the second time this week, closing down 2,352, or 9.9%, to finish at...
From the Left
Stocks Plunge 10% in Worst Day Since Black Monday
THURSDAY ENDED AS THE Dow Jones Industrial Average's worst day – in terms of value lost – since the Black Monday crash of 1987.
Trading was temporarily halted shortly after markets opened because of the steep declines – the second time the market's fail-safe had been triggered in mid-day trading this week. Both the Dow and the Standard & Poor's 500 closed the day down nearly 10%. The Dow dropped more than 2,300 points.
Outside of Black Monday and twice during the Great Depression of 1929, the Dow hasn't seen...
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