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On 27 February, due to mounting worries about the COVID-19 pandemic, stock markets in Asia-Pacific and Europe saw 3–5% declines, [92] [93] with the NASDAQ-100, the S&P 500, and the Dow Jones Industrial Average posting their sharpest falls since 2008 (and the Dow falling 1,191 points, its largest one-day drop since the financial crisis of 2007 ...
On 27 February, due to mounting worries about the coronavirus outbreak, various U.S. stock market indices including the NASDAQ-100, the S&P 500 Index, and the Dow Jones Industrial Average posted their sharpest falls since 2008, with the Dow falling 1,191 points, its largest one-day drop since the 2007–2008 financial crisis.
This crash was part of a worldwide recession caused by the COVID-19 lockdowns. [39] [40] [41] 2022 stock market decline: 3 Jan 2022: The S&P 500 index peaked at 4,796 on its 3 January close and dropped 27.55% to 3,498 by October 2022. The DJIA fell 18.78% since its 4 January high. Nasdaq Composite fell 33.70% from its 19 November high. [42] [43]
On Monday, March 9, 2020, after the launch of the 2020 Russia–Saudi Arabia oil price war, the FTSE and other major European stock market indices fell by nearly 8%. Asian markets fell sharply and the S&P 500 Index dropped 7.60%. [25] The Italian FTSE MIB fell 2,323.98 points, or 11.17%. [26] On March 12, 2020, a day after US President Donald ...
As part of the global decline in most risky assets, the price of Bitcoin fell 59% in 2022, and it declined 72% from its then all-time high reached on November 8, 2021. The decline was at its worst in June 2022; an article in The Wall Street Journal published that month was titled "The Crypto Party Is Over". [24]
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
The COVID-19 pandemic was a pandemic of Coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2); the outbreak was identified in Wuhan, China, in December 2019, declared to be a Public Health Emergency of International Concern from 30 January 2020 to 5 May 2023, and recognized as a pandemic by ...
The ongoing COVID-19 pandemic, along with the current oil-price war between Russia and Saudi Arabia, terminated the long bull market. March–November 2020: Bear market. The long bull run came to an end during the coronavirus pandemic. Ending after just 8 months, this was the shortest bear market in 30 years. [15] 2020-2022: Bull market.