The coronavirus bear market on Thursday suffered its worst day since the 1987 stock market crash.
After the coronavirus stock market correction hit bear-market levels on Wednesday, the major indexes crashed Thursday. A Federal Reserve pledge to inject $1.5 trillion into financial markets briefly pared intraday losses, but the major indexes plunged to huge losses.
The Dow Jones Industrial Average plunged 10%, its worst-one day loss since the 1987 stock market crash. The S&P 500 index dived 9.5% and the Nasdaq composite 9.4%.