2020day.year
The Dow Jones Industrial Average falls by 2,997.10, the single largest point drop in history and the second-largest percentage drop ever at 12.93%, an even greater crash than Black Monday (1929). This follows the U.S. Federal Reserve announcing that it will cut its target interest rate to 0–0.25%.
On March 16, 2020, the Dow Jones Industrial Average plunged nearly 3,000 points, marking its largest-ever point drop amid COVID-19 fears.
Following an emergency rate cut by the U.S. Federal Reserve to near zero, global markets tumbled on March 16, 2020.
The Dow Jones Industrial Average fell 2,997.10 points, surpassing its previous record loss from 1987.
Global investors reacted to the rapid spread of the COVID-19 pandemic and its economic fallout.
Trading halts were triggered multiple times as volatility surged throughout the day.
The crash underscored the fragility of financial markets in the face of public health crises and spurred massive fiscal stimulus efforts.
2020
falls by 2,997.10
largest point drop in history
Black Monday (1929)
U.S. Federal Reserve