Black Thursday (2020)

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Black Thursday
DateMarch 12, 2020
TypeStock market crash
Cause

Black Thursday[1] was a global stock market crash on March 12, 2020 as part of the greater 2020 stock market crash. Global stock markets suffered the greatest single-day fall since the 1987 stock market crash.[2]

Following Black Monday three days earlier, Black Thursday was caused by the 2019–20 coronavirus pandemic and a lack of investor confidence in United States President Donald Trump after he added a 30-day travel ban against the Schengen Area.[3]

References[change | change source]

  1. For an explanation regarding the title "Black Thursday", see:
    • "Black Thursday: Dow Suffers Biggest Point Drop Ever, as Disney and Apple Fall Hard". Yahoo. March 12, 2020. Retrieved March 12, 2020.
    • Doris Dumlao-Abadilla (March 12, 2020). "Black Thursday: PSEi sees worst freefall in 12 years". Philippine Daily Inquirer. Retrieved March 12, 2020.
    • Jonathan Ananda (March 12, 2020). "Pandemic pandemonium: World markets crash into bear country on Black Thursday". The New Indian Express. Retrieved March 12, 2020.
    • Jonathan Lopez (March 12, 2020). "Europe crude, petchems prices extend losses as stocks suffer 'Black Thursday'". Independent Commodity Intelligence Services. Retrieved March 12, 2020.
    • Culp, Stephen (2020-03-12). "Black Thursday: Wall Street stocks plunge 10% in worst one-day loss in 32 years". AM New York Metro. Retrieved 2020-03-13.
  2. Fred Imbert; Thomas Franck (March 12, 2020). "Dow drops more than 8%, heads for biggest one-day plunge since 1987 market crash". CNBC. Retrieved March 12, 2020.
  3. Brooks Barnes, Jack Ewing, Peter S. Goodman, Jim Tankersley, John Koblin, Tiffany Hsu, Jeanna Smialek, Kevin McKenna, Stanley Reed, Keith Bradsher, Liz Alderman, Alexandra Stevenson, Isabella Kwai, Keith Bradsher, Nicole Perlroth, Matthew Goldstein, Geneva Abdul and Carlos Tejada (March 12, 2020). "Stocks Plunge as Trump's Travel Ban Adds to Distress: Live Updates". The New York Times. Retrieved March 12, 2020.CS1 maint: multiple names: authors list (link)