Dow plunges 10% in worst day for stocks since 1987's "Black Monday"

by Adam Ford · Mar 12th, 2020 3:17 pm
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Last Updated Mar 12th, 2020 at 3:44 pm

Despite the Fed's vow to pump $1.5 trillion into financial markets to ease pressure, U.S. stocks had a historically bad day Thursday, with the Dow closing down 9.99%, the S&P 500 shedding 9.51%, and the Nasdaq Composite losing 9.43%.

The massive losses represent the single worst day for U.S. stocks since the nightmarish "Black Monday" of 1987 which saw the largest one-day percentage drop in history.

Stocks closed near the day's lows as traders rushed to sell into the closing bell.

? Coronavirus fears have investors panicked about the potential for a significant economic recession.


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