11-year bull market ends as Dow falls steeply again

The Dow was down nearly 6% -- a loss of 20% from the record-high four weeks ago -- with the financial impact of coronavirus hitting almost every U.S. industry.
1:03 | 03/12/20

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Transcript for 11-year bull market ends as Dow falls steeply again
Also breaking tonight, not only the health toll but the economic toll mounting as well. The Dow plunging, the 11-year bull market ending. A loss of 20% from the record high just four weeks ago today. Let's get right to Rebecca Jarvis. Rebecca? Reporter: That's right, David. The Dow is now down 20% from that record high hit just one month ago. We're officially in a bear market with virtually every American industry impacted in some way by the coronavirus. Some of the hardest bit are travel companies and small companies. United airlines saying the declines could be two times as bad as those after September 11th. And a sobering statistic on wall Street, the Dow and S&P 500 have wiped out more than $5 trillion in value in just the last couple of weeks.

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