Us exchanges experienced the largest drop since 1987

Us stock exchanges closed on March 16 with a record fall for the second time in a week, CNN reports. This is the largest drop in 33 years since “black Monday” in 1987.

On Monday, March 16, the main us indexes collapsed again. The S&P 500 index fell almost 12 %, and the Nasdaq fell 12.3 %.

The Dow Jones has fallen almost to 3 thousand points, or 12.9 %. This is the worst result since “black Monday” in 1987. And in terms of the number of points lost, this is the worst day in the index’s history.

Exchanges fell after us President Donald trump’s statement about a possible recession in the American economy and that the coronavirus epidemic in the country may last until July – August.

The last time the us stock exchanges closed with a crash on March 12, then the indexes fell by an average of 10 %. This was the biggest drop since 1987. The market panic was triggered by the decision of US President Donald trump to ban travel from Europe to the US due to the spread of the coronavirus.