The 2020 stock-market crash produced the Dow Jones Industrial Average’s largest-ever points loss at that time on March 16, 2020.
The Dow fell 2,997.10 points that day, a decline of about 12.9%. The drop occurred as investors reacted to the rapidly spreading COVID-19 pandemic, travel restrictions, business closures, and growing expectations of a severe economic contraction.
March 16 was one of several extreme sessions in March 2020. The Dow also recorded major points losses on March 9 and March 12, while trading pauses known as circuit breakers were triggered repeatedly during the month.
The answer is a date, not the crash’s broader name. The 2020 crash is also often described as the COVID-19 crash, but its market decline unfolded across several weeks rather than on one single day.