Monday, March 17, 2025 | 03:36 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Dow Jones slumps 2,000 points after coronavirus shock, oil price crash

Dow Jones down 1,424.47 points, or 5.51%, at 24,440.31, while the S&P 500 was down 160.27 points, or 5.39%, at 2,812.10

wall street
Premium

S&P 500 fell 7%, triggering an automatic 15 minute cutout put in place after the 2008-9 financial crisis.

Medha SinghSanjana Shivdas / Reuters
Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.

Trading on US stock exchanges was halted immediately after opening, as the benchmark S&P 500 fell 7% to its lowest since June 2019, triggering an automatic 15-minute cutout put in place after the 2008-2009 financial crisis.

The energy index slumped 15.3% to its lowest level since August 2004 and crude prices were on track for their worst day in three decades as Saudi Arabia

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in