Dow Jones suffers worst percentage drop since 1987's Black Monday sell-off

The coronavirus pandemic is now responsible for six of the 10 biggest single-day losses in U.S. financial market history.
0:58 | 03/12/20

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Transcript for Dow Jones suffers worst percentage drop since 1987's Black Monday sell-off
And also breaking at this hour, the financial markets in freefall. The worst day since this emergency began. The Dow seeing its worst point loss ever, the worst day since black Monday crash of 1987. Trading, in fact, halted for a time yet again. The Dow losing more than 2,300 points, a 10% drop. And all of this happened even with emergency action from the fed. , Let's get right back to Rebecca Jarvis tonight. Rebecca? Reporter: David, the president's announcement last night and the fed's announcement today to pump $1.5 trillion of emergency funding into the markets did little to stem the volatility here. As it stands, the Dow is now down 28% from its record high hit just last month. And take a look at this. As it stands, the market is now back where it was in June of and the feeling here on wall Street is until we know the extent of the health problems, we won't know the extent of the economic ones.

This transcript has been automatically generated and may not be 100% accurate.

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