Stocks crater in largest 1-day drop since 1987's "Black Monday"; Dow sheds nearly 3000 points, 13%

by Adam Ford · Mar 16th, 2020 4:10 pm

U.S. stocks took a pounding on Monday, even after drastic action taken by the Fed the day before to try to mitigate economic damage from the coronavirus outbreak.

  • The Dow Jones Industrial Average ended the day at 20,188.52, down 2,997.1 points or 12.93%
  • The S&P 500 ended the day at 2,386.13, down 324.89 points or 11.98%
  • The Nasdaq Composite ended the day at 6,904.59, down 970.28 points or 12.32%

The drubbing was Wall Street's worst day since "Black Monday" in 1987, when the Dow lost 22.6% in the largest single-day drop in stock market history.


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