March 16 (Reuters) - U.S. stocks suffered their biggest
one-day drop since 1987 on Monday as the Federal Reserve's
surprise move to cut interest rates to near zero fueled anxiety
over a potential deep recession because of the coronavirus
pandemic.
According to initial closing data, the Dow Jones Industrial
Average .DJI fell 2,997.1 points, or 12.93%, to 20,188.52, the
S&P 500 .SPX lost 324.89 points, or 11.98%, to 2,386.13 and
the Nasdaq Composite .IXIC dropped 970.28 points, or 12.32%,
to 6,904.59.