CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: The Dow is on pace for its worst month since the Great Depression Sat Mar 21, 2020 11:58 pm | |
| The percentage drop so far in March for the Dow would rank as its second-worst in history after the 30.7% monthly skid in September of 1931 The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound. The decline for the Dow Jones Industrial Average DJIA, -4.54% has been simply gut-wrenching for the average investor, with the monthly plunge so far for the nearly 124-year-old, blue-chip gauge poised to represent its steepest since 1931 — a year that falls within the Great Depression, the worst economic crisis in U.S. history. The Dow has shed a staggering 6,235 points, or 24.54%, in March so far, which has dragged the stock index down to its lowest level since December of 2016. The percentage drop so far ranks as its second-worst in history after the 30.7% monthly skid in September of 1931, when the unemployment rate was at a lofty 15.9%.
https://www.marketwatch.com/story/the-dow-is-on-pace-for-its-worst-month-since-the-great-depression-but-heres-why-all-hope-isnt-lost-amid-the-coronavirus-stock-rout-2020-03-21 |
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