It was oil's worst single-session drop since 1991
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| | | 3/09/2020 | |
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| Stocks, Oil See Catastrophic Losses | | By Patrick Martin | | The Dow cratered today by more than 2,000 points, as Wall Street continues to slog through one of the worst stock market crashes in history. The blue-chip index just turned in its worst day since October 2008 as plummeting oil prices and coronavirus concerns form a perfect storm of investor panic. The S&P 500 and Nasdaq also were walloped and turned in their worst days since December 2008, kicked off by a 15-minute trading halt this morning before the market reopened shortly before 10 a.m. Wall Street's "fear gauge," the Cboe Volatility Index, logged its fifth straight win and highest close since December 2008. Continue reading for more on today's market, including: - This oil stock bucked the broad market crash.
- Amazon.com stock fell despite a new business opportunity.
- Plus, TWTR tackled “fake” campaign video; cruise stocks fall amid coronavirus outbreak; and Costco pulled free samples to protect consumers.
| | >> Continue reading... | |
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