Coronavirus Pummels US Stocks, Worst Day On Wall Street
March 10, 2020
3:47 am
US stocks suffered their biggest one-day loss since the 2008 financial crisis on Monday as recession worries loomed large in the wake of tumbling oil prices and ongoing coronavirus fears.
The combination of factors prompted investor panic on the anniversary of the U.S. stock market’s longest-ever bull run.
All three major U.S. stock averages plunged sharply at the opening bell, triggering trading halts put in place in the wake of 1987’s “Black Monday” crash. The Dow plummeted a record 2,000 points out of the starting gate on the day marking the current bull market’s 11th year.
During the session, the …
