2020 stock market crash

2020 stock market crash

The 2020 stock market crash is a global stock market crash that began on 20 February, 2020. Multiple indexes such as the Dow Jones Industrial Average, Nikkei 225 and the S&P/ASX 200 all fell into a correction late February during one of the worst trading weeks since the financial crisis of 2007–08, thus starting what is now known as the 2020 stock market crash. Global markets into early March became extremely volatile, with large swings occurring in global markets. On 9 March, most global markets reported severe contractions, mainly in response to the 2019–20 coronavirus pandemic and a described Russia–Saudi Arabia oil price war. This became colloquially known as Black Monday I, and at the time was the worst drop since the Great Recession in 2008.