Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

mahatmakanejeeves

(60,941 posts) Thu Mar 16, 2023, 10:39 AM Mar 2023

On this day, March 16, 2020, the Dow Jones Industrial Average had the largest point drop in history.

https://en.wikipedia.org/wiki/March_16

• 2020 – The Dow Jones Industrial Average falls by 2,997.10, the single largest point drop in history and the second-largest percentage drop ever at 12.93%, an even greater crash than Black Monday (1929). This follows the U.S. Federal Reserve announcing that it will cut its target interest rate to 0–0.25%.

1 replies

= new reply since forum marked as read

Highlight:

On this day, March 16, 2020, the Dow Jones Industrial Average had the largest point drop in history. (Original Post) mahatmakanejeeves Mar 2023 OP

There's no doubt in my mind that, had Cheeto won a 2nd term, we'd be in a systemic meltdown by now peppertree Mar 2023 #1

peppertree

(22,850 posts)

1. There's no doubt in my mind that, had Cheeto won a 2nd term, we'd be in a systemic meltdown by now