It was a turbulent day in the US stock market, which experienced a massive selloff amid coronavirus fears and a sharp drop in oil prices.
The Dow recorded a new worst point drop on record, overtaking the massive loss from February 27. The index closed down 2,014 points, or 7.8%. It was its worst day since October 2008.
Stock futures trading was halted following steep losses in the overnight session, which carried into regular trade: Shortly after market open the S&P 500 dropped 7% and triggered a circuit breaker, forcing the New York Stock Exchange to suspend trading for 15 minutes.
Stocks continued the day in the red.
- The S&P 500 finished 7.6% down, marking its worst day since December 2008.
- The Nasdaq Composite ended down 7.3%. It was its worst day since December 2008.