Stock MARKET CRASH BEGINS Retail Sales Down 1.9% as Bitcoin Dropping to 10,000 and Dow Jones 20,000

Breaking: US Retail Sales slide by 1.9% in December vs. 0.1% expected decline

On Oct. 9, 2007, the Dow hit its pre-recession high and closed at 14,164.53.1 By Mar. 5, 2009, it had dropped more than 50% to 6,594.44. Although it wasn’t the greatest percentage decline in history, it was vicious.

The Fall From a Record High
The 2020 stock market crash began on Monday, March 9. The Dow fell 2,013.76 points that day to 23,851.02.1

It had fallen by 7.79%. What some labeled as “Black Monday 2020” was, at that time, the Dow’s worst single-day point drop in U.S. market history.

On Thursday, March 12, 2020, the Dow fell a record 2,352.60 points to close at 21,200.62. It was a 9.99% drop, almost a correction in a single day. It was the sixth-worst percentage drop in history.

On March 16, the Dow hit a new record. It lost 2,997.10 points to close at 20,188.52. That day’s point plummet and 12.93% free fall topped the original October 1929 Black Monday slide of 12.82% for one session.1

Prior to the 2020 crash, the Dow had just reached its record high of 29,551.42 on February 12. From that peak to the March 9 low, the DJIA lost 5,700.40 points or 19.3%. It had narrowly avoided the 20% decline that would have signaled the start of a bear market.

On March 11, the Dow closed at 23,553.22, down 20.3% from the Feb. 12 high. That launched a bear market and ended the 11-year bull market that had started in March 2009.

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Author: H. A. Goodman

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