Monday, 01 June 2020
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Dow Plunges 10% For Its Worst Day Since The 1987 Crash
Friday, 13 March 2020 03:41 WIB | MARKET UPDATE |saham A.SS & P 500DOW JONES

U.S. stocks staged a fresh plunge Thursday, pushing the S&P 500 index and Nasdaq Composite into a bear market and officially ending a record-setting, 11-year-old bull-market run--and in spectacular fashion.

Uncertainties around the economic impact of COVID-19, the infectious disease that originated in Wuhan, China in December and has infected 128,000 people, has decimated investor buying appetite.

Worries about accelerating problems in the oil patch, also helped to fuel almost-indiscriminate selling of assets considered risky and haven assets like bonds and gold alike.

The S&P 500 index fell 9.51% to 2,480.64, the Dow Jones Industrial Average tumbled 9.99% to end at 21,200.62, representing the worst percentage drop for blue chips since October of 1987. Meanwhile, the Nasdaq Composite Index gave up 9.43% to close at 7,201.80.

On Wednesday, the Dow fell into a bear market and the Nasdaq and S&P 500 joined the benchmark on Thursday.A drop of at least 20% from a recent record peak is the widely accepted definition for a bear market. "While there continues to be human tragedy, the latest developments also add to investor uncertainty. There is little doubt that there will be a dramatic short-term impact on the economy.

Source : Market Watch

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