With the COVID-19 pandemic raging worldwide and the total case count surpassing one million worldwide, the stock market entered nearly total free-fall in March 2020.
Stock Market Freefall
The plunge began on Monday, March 9, with the largest point drop for the Dow Jones Industrial Average (DJIA) in recent history.
Shortly thereafter, on March 12 and March 16, there were two more record-setting point drops.
In total, these three days —which happened within the span of a single week—were three of the worst stock market point drops in U.S. history.
The cause of these stock market drops is global terror about the spread of COVID-19, plunging oil prices, and Federal and State mandates creating a widespread business, school, and event closures, among other factors.
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