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Stocks Plunge in Worst Day Since Financial Crisis

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March 10, 2020

U.S. stocks lurched sharply lower Monday, unable to regain their footing even after automatic market stabilizers kicked-in overnight and shortly after the market opened.

The Dow Jones Industrial Average plunged 7.8 percent, or around 2014 points. It was the largest ever point decline and the worst percentage decline since 2008. Every stock on the blue-chip index was down for the day.  Exxon Mobil, Boeing, J.P. Morgan Chase, Caterpillar, and Chevron were the worst performers of the day, each down more than 12 percent.

The S&P 500 sank 7.6 percent, the most since December 2008. All 11 sectors were down. Energy, down 20 percent, was the worst-performing sector, followed by financials, down 10.9 percent.

The Nasdaq Composite swooned by around 7.3 percent.

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This article was posted: Tuesday, March 10, 2020 at 4:37 am

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