2020 stock market crash

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The 2020 stock market crash is a global stock market crash that began on 20 February 2020 during the 2019–20 coronavirus pandemic.[1][2][3] The Dow Jones Industrial Average, S&P 500 Index, and the NASDAQ-100 all fell into short-term decline on 27 February during one of the worst trading weeks since the financial crisis of 2007–08.[4][5]

Markets over the following week (2–6 March) became extremely bad, with swings of 3% or more being made per daily session (except for 6 March).[6][7] On 9 March, all three Wall Street indices fell more than 7% and most global markets reported severe losses, due to the response of the 2019–20 coronavirus pandemic and the Russia–Saudi Arabia oil price war.[8][9]

This became known as Black Monday, and at the time was the worst drop since the Great Recession in 2008.[10][11]

Three days after Black Monday there was another drop, Black Thursday, where stocks across Europe and North America fell more than 9%.

Stock market prices across most of the world were greater than or equal to their prices before the crash before the end of 2020. [12][13]

References[change | change source]

  1. Samuelson, Robert J. (2020-03-12). "What Crash of 2020 Means". The Washington Post. Retrieved 2020-03-12.
  2. Wearden (earlier), Graeme; Jolly (now), Jasper (2020-03-12). "Wall Street and FTSE 100 plunge on worst day since 1987 – as it happened". The Guardian. ISSN 0261-3077. Retrieved 2020-03-12.
  3. Williams, Sean (2020-03-10). "Stock Market Crash 2020: Everything You Need to Know". The Motley Fool. Retrieved 2020-03-12.
  4. Menton, Jessica (February 27, 2020). "Dow plunges 1,191 points, its biggest one-day point drop, as coronavirus fears escalate". USA TODAY. Retrieved 2020-03-12.
  5. Peltz, James F. (2020-02-27). "Stock market enters a correction, down 10% from recent peak". Los Angeles Times. Retrieved 2020-03-12.
  6. "Asian shares rise following stimulus-led surge on Wall St". MyNorthwest. Associated Press. 2020-03-04. Archived from the original on 2020-03-05. Retrieved 2020-03-13.
  7. DeCambre, Mark (March 7, 2020). "Wild stock-market swings are 'emotionally and intellectually wearing' on Wall Street". MarketWatch. Retrieved 2020-03-13.
  8. Partington, Richard; Wearden, Graeme (2020-03-09). "Global stock markets post biggest falls since 2008 financial crisis". The Guardian. ISSN 0261-3077. Retrieved 2020-03-15.
  9. Business, Laura He, Clare Duffy and Julia Horowitz, CNN. "US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads". CNN. Retrieved 2020-03-15.
  10. Prynn, Jonathon; English, Simon; Murphy, Joe (2020-03-09). "Black Monday: Fourth biggest City fall as virus panic hits markets". Evening Standard. Retrieved 2020-03-13.
  11. Partington, Richard; Wearden, Graeme (2020-03-09). "Global stock markets post biggest falls since 2008 financial crisis". The Guardian. ISSN 0261-3077. Retrieved 2020-03-13.
  12. Tappe, Anneken (2020-12-31). "Dow and S&P 500 end 2020 at record highs". CNN Business. Retrieved 2021-3-26. Check date values in: |access-date= (help)
  13. "S&P 500 rallies to close the year at a record high". Fortune.