Dow Plunges 3,000 Points For Biggest One-Day Drop Ever

Daily Mail: Dow closes 3,000 points down - nearly 13% - as Trump says we're 'maybe' heading for recession amid coronavirus chaos as Wall Street has its worst day since 1987 Black Monday

* Trading was immediately halted at opening bell when the S&P 500 fell by 7%
* It held steady throughout the day after resuming until Trump spoke at 3.30pm
* He said the country was 'maybe' heading for recession, which spooked the Dow
* It nosedived, closing down 3,000 points - a staggering loss of 12.96%
* By 4pm Friday, 96% of the gains from Trump's entire presidency had been wiped

The Dow plummeted 3,000 points on Monday, nearly 13 percent, after another bleak day of trading as President Trump said the country was 'maybe' heading towards a recession amid the panic surrounding the coronavirus pandemic.

In what was the biggest point loss day in Wall Street ever, trading began at 20,935 - a decrease of 9.71 percent - 2,250.46 points.

The S&P 500 immediately fell by more than eight percent at the opening bell, which kicked into gear what is known as a circuit breaker - a mechanism which acts like a kill switch to stop trading before prices can fall by too much.

Trading resumed 15 minutes after the first breaker and fell further but then held until around 3.30pm when President Trump took to the White House briefing room to give an update on the national situation.

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WNU Editor: It looks like the Asian markets are stabilizing .... Asian shares bounce after Wall St dive, recession warning (AP). Or maybe not .... Asian stocks fall in volatile session after historic Wall St. plunge (Reuters).

More News On Today's Record Breaking Stock Market Drop For A Day

Wall Street suffers worst day since 1987 as recession fears grow - business live -- The Guardian
Stocks plunge worldwide as central bank action fails to ease virus fears -- France 24
Dow plunges 3,000 points for biggest one-day drop ever, despite Donald Trump’s and Federal Reserve’s efforts to soothe US coronavirus worries -- SCMP
Dow Jones plunges almost 3,000 points as coronavirus sell-off intensifies -- DW
Coronavirus: Stocks plunge despite global central bank action -- BBC

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