{"id":22751,"date":"2020-03-16T13:49:16","date_gmt":"2020-03-16T20:49:16","guid":{"rendered":"https:\/\/lapost.us\/?p=22751"},"modified":"2020-03-16T15:03:32","modified_gmt":"2020-03-16T22:03:32","slug":"dow-dives-2999-points","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=22751","title":{"rendered":"Dow dives 2,997 points"},"content":{"rendered":"<p>U.S. stock indexes fell sharply Monday, a day after the Federal Reserve aggressively cut interest rates to near zero in a bid to stop the economy from crashing. The Dow Jones Industrial Average dropped 2,997.20 points, or about 13%, as coronavirus measures rapidly expanded. The S&amp;P 500 index lost nearly 12%.<\/p>\n<p>The Dow, which closed at 20,188.52, has lost 31.7% since its record high Feb. 12 as the market plunges deeper into bear territory after an 11-year winning streak.<\/p>\n<p>The Dow&#8217;s breathtaking drop Monday was the biggest since the\u00a0<a href=\"https:\/\/www.npr.org\/2017\/10\/19\/558625600\/the-30th-anniversary-of-black-monday-a-day-that-made-wall-street-quake\">Black Monday crash<\/a>\u00a0of October 1987, when the blue chip index lost 22%.<\/p>\n<p>The deep stock market sell-off reflects broad concerns that despite these economic measures, the U.S. economy is likely heading toward a recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock indexes fell sharply Monday,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,7,5],"tags":[],"class_list":["post-22751","post","type-post","status-publish","format-standard","hentry","category-business","category-u-s-a","category-world"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22751"}],"version-history":[{"count":2,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22751\/revisions"}],"predecessor-version":[{"id":22755,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22751\/revisions\/22755"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}