Markets have been plunged in the wake of a stock market crash that sent the Dow Jones Industrial Average plunging more than 800 points in two days.
The Dow’s losses were even greater, as the index’s closing price fell to 2,096.43 points, according to FactSet data.
The news of the market crash came as markets around the world were bracing for the possibility of another global economic downturn, which has pushed the U.S. economy into a deep recession.
The S&P 500 lost more than 6% Wednesday, down almost 5% from the week before.
The Nasdaq Composite lost more, down more than 2%.
The Nasdaq’s loss came in a span of just one hour, as traders scrambled to make sense of the plunge.
Dow futures fell by more than 1% to $19.99.
The decline in the Dow is the worst since the 2008 financial crisis, when the Dow was down by as much as 22% in two weeks.
The stock market’s loss is the largest in more than two years.
The Dow Jones has lost more that 7% since last June.
The Nasium Index, which is the most popular stock-market index in the world, was up 3.1% in the same period.