Home News The Dow has the biggest drop in points in history and its worst day since 2008

The Dow has the biggest drop in points in history and its worst day since 2008

by drbyos

(CNN) – The Dow index had its worst point drop amid fears over the spread of coronavirus and the crash of oil prices. The index closed with a drop of 2,014 points, or 7.8%. It was his worst day since October 2008.

The index drop was higher than that of February 27, less than two weeks ago.

It was a turbulent day at the US stock market.

Futures trading halted after heavy losses in the overnight session, which continued in regular trade: shortly after the market opened, the S&P 500 fell 7%, which caused a circuit breaker and forced the New York Stock Exchange to suspend trade for 15 minutes.

Stocks remained red all day. The S&P 500 fell 7.6% and the Nasdaq Composite decreased 7.3%. It was the worst day for both indices since December 2008.

The three indices are now almost 20% below their most recent highs, which is the definition of a bear market. If stocks fall more tomorrow, they will have gone from record levels to a bear market in a matter of weeks.

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