Wall Street plunges, Dow Jones increases losses to 20 percent


The Wall Street Stock Exchange tumbled, on Wednesday, driving the Dow Jones Industrial Average to increase its losses to 20 percent in one month for the first time since the financial crisis in 2008, after the World Health Organization described the outbreak of the Corona virus as a pandemic.

Dow Jones ended the trading session down 1464.94 points, or 5.86 percent, to 23553.22 points, while the broader Standard & Poor’s 500 Index fell 140.85 points, or 4.89 percent, to close at 2741.38 points.

The Nasdaq Composite Index closed 392.20 points, or 4.7 percent, to 7,952.05 points.

On Monday, Wall Street suffered its heaviest daily loss in more than 11 years, in a deterioration caused by the collapse of oil prices due to the price war launched by Saudi Arabia on Russia, and the outbreak of the new Corona virus in the world.

The Dow Jones industrial average losses at the close of 7.79 percent, as it fell to 23,851,02 points, losing more than two thousand points.

In comparison to the population of the United States, the loss incurred by the New York Stock Exchange, Monday, is equivalent to 5682 dollars per person.

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