U.S. Stocks Sink in Worst Day Since Black Monday: Markets Wrap

S&P 500 Index gives back all gains since the end of 2018
Global stock gauge sinks into bear market; crude oil retreats

Mishkin Says the Idea That Fed Solves Everything With Rate Cuts Is 'Wacky'Source: Bloomberg)

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By Claire Ballentine, Vildana Hajric, and Sarah Ponczek

March 11, 2020 at 9:49 PM UTC

Updated on

March 12, 2020 at 9:07 PM UTC

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In a week that brought the wildest market swings since the financial crisis, Thursday hammered investors with something crazier -- a 10% drop in the Dow, the end of the longest bull market on record and the biggest sell-off since 1987’s Black Monday.