By mid-afternoon, the Dow Jones industrial average had fallen over 2,000 points—around 9.8%, while the S&P 500 and Nasdaq were down 8.4% and 7.3%, respectively. “The market’s volatility right now is truly unprecedented throughout history,” according to Bespoke Investment Group. Data from the firm shows that yesterday’s rally was the seventh straight day where the S&P 500 swung more than 4% in either direction, which has never happened before—and that trend looks like it will continue. The Dow rose 5.2%, over 1,000 points, on Tuesday, the S&P 500 nearly 6% and the Nasdaq Composite 6.2%. The major benchmark indexes are down around 30% from their record highs almost a month ago, now well into bear market territory.

Source: Forbes March 18, 2020 13:37 UTC