world economy
Written by: Zhang Zijie
2020-03-13 04:03
Last updated: 2020-03-13 04:15New pneumonia affects the performance of financial markets. After a sharp market decline on Wednesday (11th), U.S. stocks continued to perform poorly on Thursday (12th). Within the second time, the "fuse mechanism" was triggered. The Fed was then ready to save the market and once stopped the decline, but it was a short-lived event. Eventually, the U.S. stock market continued to hit hard.
The haze of the new pneumonia epidemic persists, and the global stock market is very turbulent. The European and American stock markets have plummeted for two consecutive trading days, of which the Dow fell 2300 points, the largest decline in nearly 33 years. (Reuters)
The Dow closed at 21200.62 points, down 2352.60 points, or 9.99%, the biggest drop since "Black Monday" in 1987.
The Nasdaq closed at 7201.80 points, down 750.25 points, or a decline of 9.43%.
The S & P 500 closed at 2480.70 points, down 260.68 points, or 9.51%.
In terms of European stock markets, the British, German, and French stock markets fell across the board, closing at least 9%. The British FTSE index was 5299.84 points, down 9.81%; the German DAX index was 9264.99 points, down 11.42%; the French CAC index was 4044.26 points, down 12.28%. Italian and Spanish stock markets plunged 16.92% and 13.33%, respectively.
Dow plunges more than 2,300 points and suffers biggest drop since 1987 stock disaster
Detailed explanation of the "fuse three-level system" of the US stocks: If the S & P 500 crosses the key three indexes, it will stop.
[New Crown Pneumonia] Nasdaq Futures Triggers Circuit Break After Trump Speaks
U.S. stocks plunged 7% and triggered a blowout of Trump to push the US to the brink of crisis?
[U.S. Stock Fuse] Chen Maobo: Closely Monitor the Market Operation
US stocks