Friday, March 20, 2020

These 64 stocks in the S&P 500 fell at least 20% on Monday as the coronavirus panic intensified

Here is the article.

U.S. stocks suffered their worst session of the coronavirus crisis Monday, with scores of companies posting double-digit percentage declines.
The Dow Jones Industrial Average US:DJIA fell 2,997 points, or 12.9%, to close at 20,188.52. It was the Dow’s third consecutive session ending with an increase or decrease of 9% or more — the longest such streak since October 1929. It was also the Dow’s second-worst day ever,after Black Monday, Oct. 19, 1987.
The Federal Open Market Committee on Sunday cut the federal funds target rate by 1% to a range of zero to 0.25%, jumping ahead of its regularly scheduled meeting that was set to begin Tuesday but was canceled.
The S&P 500 Index US:SPX tumbled 12%, with 491 stocks showing declines. This was the third-worst day ever for benchmark index, after Oct. 28, 1929 and Oct. 19, 1987.
Here’s a breakdown of the day’s 356 double-digit declines among components of the S&P 500:
DECLINE RANGE ON MARCH 16NUMBER OF S&P 500 STOCKS
10% or more356
15% or more189
20% or more64
25% or more16
30% or more3
Source: FactSet


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