NEW YORK (Pakistan Point News / Sputnik - 17th March, 2020) US stocks on Monday suffered one of their biggest one-day losses ever as Wall Street's Dow Jones Industrial Average index closed down about 3,000 points over fears of a looming recession from the coronavirus crisis.
The Dow, the broadest equities gauge on the New York Stock Exchange, fell about 13 percent on Monday to settle at 20,187.
The S&P500, a barometer for the top 500 US stocks, closed down almost 12 percent. The tech-heavy Nasdaq also slumped about 12 percent.
