Dow Jones falls 2,000 points as virus, oil price drop stoke recession fears

The Dow Jones Industrial Average fell 2,013.45 points, or 7.78%, to 23,851.33, the S&P 500 lost 225.81 points, or 7.60%, to 2,746.56 and the Nasdaq Composite dropped 624.94 points, or 7.29%, to 7,950.

Wall Street suffered its biggest one-day loss since the 2008 financial crisis on Monday and recession worries loomed large as tumbling oil prices and ongoing coronavirus fears prompted investor panic on the anniversary of the US stock market's longest-ever bull run.

All three major US stock averages plunged sharply at the opening bell, triggering trading halts put in place in the wake of 1987's "Black Monday" crash. The Dow plummeted a record 2,000 points out of the starting gate on the day marking the current bull market's 11th year.

During the session, the Dow came about a 10th