A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling a
After large market declines on October 28 and 29, The New York Times described the financial community's response to "the most disastrous trading day in the stock market's history". Margin requirements were reduced to 25%, banking leaders expressed assurance of their support, and the sentiment on Wall Street was said to be "more cheerful" after earlier declines.
Crowd gathering on Wall Street the day after the 1929 crash
The collapse of Lehman Brothers was a symbol of the Crash of 2008.
Philippine stock market board
On 20 February 2020, stock markets across the world suddenly crashed after growing instability due to the COVID-19 pandemic. The crash ended on 7 April 2020.
Stock market crash
…Stock price graph illustrating the 2020 stock market crash, showing a sharp drop in stock price, followed by a recovery A stock market crash is a sudden dramatic decline of stock prices across a major cross-section…
Federal Reserve chairman Jerome Powell announces a 50 basis point cut in the federal funds rate target on 3 March 2020 in light of "evolving risks to economic activity" from the coronavirus.
On 11 March 2020, the Dow Jones Industrial Average ended an 11-year bull market run and entered a bear market. Symbolic statues from the Frankfurt Stock Exchange pictured.