Stocks plummet amid coronavirus fears and oil-price crash
March 8, 2020
Stocks took their worst one-day beating on Wall Street since the global financial crisis of 2008 as a collapse in oil prices Monday combined with mounting alarm over what the coronavirus could do to the world economy.
The staggering losses, including a 7.8% tumble in the Dow Jones Industrial Average, immediately raised fears that a recession might be on the way in the U.S. and that the record-breaking 11-year bull market on Wall Street may be coming to an abrupt end in a way no one even imagined just a few months ago.
The drop was so sharp that it triggered the first automatic halt in trading...
For access to this article please
sign in or
subscribe.
Reader Comments(0)