The US stock exchange closed with the largest collapse since 1987

WASHINGTON – US indices closed on Thursday with a serious fall, falling by 7.9-9.3%, despite significant support measures announced by the US Federal Reserve, according to trading data.

As of 16.00 local time, at the close of the New York stock exchange, the Dow Jones Industrial Average (DJIA) fell by 9.33%, to 21355.73 points, the NASDAQ index of high-tech companies – by 7.85%, to 7327.453 points, the S&P 500 broad market index – by 4.54%, to 2510.48 points.

After the official end of trading (16.05 local time), the Dow Jones Industrial Average fell to 9.99% – 23552.27.

This sharp drop in exchanges was the worst since 1987.

This was despite the fact that in the middle of the day, the main us stock indexes almost halved the pace of decline after the Federal Reserve Bank of New York announced an increase in the volume of weekly repurchases of securities in the framework of a monthly and three-month REPO to $ 500 billion in March, according to trading data.

However, just a couple of hours later, the exchange again rushed down.

Pressure on the exchanges on Thursday was exerted by the statement of Donald Trump on the introduction of a 30-day ban on entering the United States from Europe due to the coronavirus. The ban takes effect on March 13. Against this background, the US stock exchanges opened with a fall of 7% and were suspended for 10 minutes. After the resumption of trading, the indices continued to fall by more than 7%.

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