The Dow Jones Industrial The index dropped dramatically 2,352.27 points, or 9.99 percent, to 21,200.95 units, the worst trading day since Black Monday in 1987. The S&P 500 index dropped 260.75 points, or 9.51 Percent to 2,480.63. The Nasdaq Composite Index fell a massive 750.25 units, or 9.43 percent, to 7,201.80 points. Thursday is one of the darkest days in US stock market history.
The World Health Organization (WHO) now rates virus spread as a pandemic. Fearing another distribution of Corona virus has the state new York Events with more than 500 people are temporarily prohibited from Friday. The town new York called the state of emergency. The US government had already imposed an entry ban for Europeans on the previous day.
The New York branch of the Federal Reserve (Fed) has announced new liquidity injections for banks. The currency watchdog announced on Thursday that it would launch new repo transactions, among other things. A three-month deal with a volume of $ 500 billion (€ 447 billion) will be launched on Thursday, and another one-month deal on Friday. The leading indices in new York had reacted to this with a short-term recovery, but quickly slid back to the loss levels from the opening trade.
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