What is the 2020 stock market crash?

The 2020 stock market crash is a global stock market crash that began on 20 February 2020 during the 2019–20 coronavirus pandemic. The Dow Jones Industrial Average, S&P 500 Index, and the NASDAQ-100 all fell into short-term decline on 27 February during one of the worst trading weeks since the financial crisis of 2007–08.

What happened to the Dow Jones in 2020?

The Dow Jones' fall of nearly 3,000 points on March 16, 2020, was the largest single-day drop in U.S. stock market history. Unlike some previous crashes, however, the market rebounded quickly and set new records in late 2020 and early 2021. Prior to the 2020 crash, the Dow reached a record high of 29,551.42 on Feb. 12.

Why did the stock market crash last?

The stock market crash included the three worst point drops in U.S. history. The drop was caused by unbridled global fears about the spread of the coronavirus, oil price drops, and the possibility of a 2020 recession. Although the 2020 market crash was dramatic, it didn't last.

What happened on Black Monday 2020?

The 2020 stock market crash began just a week later, when the Dow began to slowly drop on Feb. 20. By Monday, March 9, the Dow fell 2,013.76 points to 23,851.02 (7.79%). What some labeled as "Black Monday 2020" was, at that time, the Dow's worst single-day point drop in U.S. market history.