This is the start of COVID-19 and the major crucial affects that happened to the United States Stock Market. The stock market crash that began early March started on the 9th with the largest point plunge for Dow Jones in history. That was not the end of the record breaking points in March 2020, March 12th and 16th marked additional record setting drops.
March 9 - The Dow dropped 2,013.76 points that day (7.79% drop) this was considered the Dow's worst single-day point drop in market history.
March 12- The Dow dropped another record 2,352.60 points (9.99% drop)
March 16- The Dow lost 2,997.10 points (12.93% freefall), this topped October 1929 Black Monday fall of 12.82%.
There were three things that sparked these major drops. The most major incident was the fear induced by the coronavirus, others included dropping oil prices and the potential of a 2020 recession.
Before this major crash the Dow had just reached a record high on February 12 of 29,551.42 points, then lost 19.3% by March 9th, barely avoiding the signal of a bear market (When prices fall 20% or more from recent highs)
On March 11th the Dow closed, now 20.3% from February 12, this sparked a bear market and ended the 11 year bull market (condition of a financial market in which prices are rising or expected to) that began March 2009.
