Date in year · 2020 · The 2020s

March 16, 2020

On 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%. The year's #1 song was "Blinding Lights" by The Weeknd.

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2020

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The year in brief

2020 (MMXX) was a leap year starting on Wednesday of the Gregorian calendar, the 2020th year of the Common Era (CE) and Anno Domini (AD) designations, the 20th year of the 3rd millennium and the 21st century, and the 1st year of the 2020s decade.

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What happened

On March 16, 2020

  1. 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%.

    Financial market reaction to the COVID-19 pandemic

    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.

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