Dow Jones Has Worst Day Since 1987 Stock Market Crash

Major North American indexes continued to plunge Thursday as news of large-scale cancellations failed to ease investors’ concerns about the spread of the novel coronavirus pandemic.

Stock markets had been under pressure in recent weeks amid concerns about the spread of COVID-19, however losses picked up this week after Saudi Arabia moved to boost oil production in a price war with Russia.The market is trying to determine how much companies are worth, said Small. Trump announced travel restrictions on Europe that aim to limit the virus from spreading and hinted at plans for tax cuts and other economic relief, but did not provide details.

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