Dow Drops 3.56% S&P 500 Down 3.35% And Nasdaq Down 3.71%

US stock prices took a hit today with the three major indexes all falling more than three percent (archived). The Dow Jones Industrial Average had shown some small gains for the year until markets opened today. The day's 3.56 percent drop takes its performance down to -2.2 percent for 2020. Mainstream reports are crediting coronavirus panic for the loss, but US stock prices have been climbing rapidly the past few months as the Federal Reserve undertook a quiet campaign of "Quantitive Easing", buying questionable debts and printing new dollars.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>