New York Stock Exchange Closed the Biggest Collapse since 1987
According to the data posted on the site of the trading floor, the American industrial index Dow Jones fell by 2352.60 points (9.99%) and stopped at around 21,200.62 points. This is the largest decline in the index following the session since the so-called black Monday, October 19, 1987. On this day, the Dow Jones lost 22.6%.
The S&P 500 index, which includes the 500 largest companies in the US market, lost 260.74 points (9.51%) and was at around 2480.64 points. For this index, this is also the worst result since October 19, 1987. Then the reduction was more than 18%. The Nasdaq electronic exchange index fell by 750.25 points (9.43%), to 7201.80 points.
The largest decrease was noted, in particular, among air carriers and companies organizing cruises and tourist trips. On Wednesday, US President Donald Trump, in connection with the spread of the new coronavirus, announced a ban on entry into the country of foreigners arriving from Europe, with the exception of Great Britain.