The Stock Market Crash of 2020

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Alyssa Gordon, Editor

So many events took place in 2020 that it is almost hard to keep track of all that happened. One thing from 2020 that no one looks at is the Stock Market crash back in March.

The crash, caused by global fears that arose from the coronavirus pandemic’s spread, started on March 9 and lasted until April 7. The coronavirus was spreading more quickly than SARS in 2003. The price of oil was dropping, and buyers feared a recession. Investors were already on their toes ever since President Donald Trump launched trade wars with China along with other countries. Let’s take a look at how the crash affected the Dow Jones Industrial Average:

On March 9, the market fell from a record high, and the Dow dropped 2,013.76 points in just one day, which is 7.79%. This day is known as the Dow’s worst point drop in a single day in market history at the time.

Just three days later, the Dow fell another 9.99% to 21,200.62. Another four days after that, the Dow plummeted 12.93% and closed at 20,188.52 for the day.

Before the crash, the Dow had just reached its record high of 29,551.42 on February 12. The crash ended the 11-year bull market that began in March 2009.

Luckily, the crash did not cause a recession, and things could have ended up a lot worse. Let’s hope we remain in a bull market for the remainder of 2021!