Coronavirus Crushes Wall Street Once More

Oil and gold are plummeting as well

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Market Recap
MARKET RECAP
 
 

3/12/2020

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Dow Suffers Worst Loss In Over 30 Years

By Jake Scott
Share On

Another day, another disaster on Wall Street. The Dow fell by 2,352 points, it's largest one-day plunge since 1987. The S&P 500 and Nasdaq joined the Dow in bear market territory, with all three benchmarks finishing 9% lower or more. After another circuit breaker this morning, stocks pared some losses around midday after the Fed announced an increase temporary liquidity for fund operations to $1.5 trillion. However, markets promptly resumed their slide, amid continued discouragement with the lack of specific response measures from the Trump Administration.

Continue reading for more on today's market, including:

  • This Apple supplier is gearing up for earnings tonight.
  • Ulta Beauty stock hit a four-year low today, ahead of its own earnings report.
  • Plus, Boeing stays grounded; CME Group closed offices; and, Party City stock falls to pennies.
>> Continue reading...
LATEST HEADLINES
>> BBY Stock Slammed After Executive Chairman Steps Down
Former company CEO Hubert Joly announced his resignation as Executive Chairman today
>> All Eyes on Fed Meeting Next Week as Coronavirus Grips U.S.
FedEx, General Mills, and Lennar all step into the earnings confessional
>> Sentiment Turns Sour Ahead of ULTA Earnings
Ulta Beauty will post its fourth-quarter earnings after the close tonight
>> Apple Supplier Ready to Step into Earnings Confessional
Broadcom is expected to reveal its fourth-quarter report after the close tonight
>> Stocks Return to Bear Market Territory Midday
The S&P 500 Index also followed Dow into bear-market territory
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