How much has the stock market dropped in the last month?
The implosion — stocks have collapsed about 35 percent since the coronavirus spread globally last month — is shaping up to be one of the most destructive periods in American financial history. More than $8 trillion in shareholder value has been destroyed.
Will the stock market continue to drop?
The U.S. stock market will drop as much as 30% from last month’s highs as global economies go into coronavirus-driven recessions, according to economist Mohamed El-Erian, who correctly predicted earlier in the week the selling would continue until a bear market was reached.
Will the stock market crash in 2020?
The 2020 stock market crash is a global stock market crash that began on 20 February 2020 during the 2019–20 coronavirus pandemic. The Dow Jones Industrial Average, S&P 500 Index, and the NASDAQ-100 all fell into a correction on 27 February during one of the worst trading weeks since the financial crisis of 2007–08.
How much has the stock market dropped?
The stock market has suffered a relentless, breathtaking drop — moving deeper into bear territory. Stocks fell so fast Thursday morning that it triggered a 15-minute halt in trading for the second time this week. The Dow Jones Industrial Average fell 2,352 points, or nearly 10% — the biggest one-day drop since 1987.