Which U.S. stock-market crash followed the COVID-19 outbreak and reached its low on March 23, 2020?

The 2020 stock market crash followed the COVID-19 outbreak and reached its low on March 23, 2020.

Global equity markets fell rapidly in February and March 2020 as governments restricted travel, closed businesses, and introduced lockdowns to slow the spread of COVID-19. Investors feared a worldwide recession, disrupted supply chains, falling profits, and stress in credit markets.

The S&P 500 entered a bear market in March, and U.S. exchanges triggered circuit breakers several times. The Federal Reserve cut interest rates, purchased assets, and introduced emergency lending facilities, while governments announced large fiscal-support programs.

The crisis had an unusually sharp but comparatively short market decline. The March 23 low was followed by a powerful rebound, although economic damage and uncertainty continued. It is distinct from the 2008 crisis, which centered on mortgage finance, and from the 1987 crash, which was concentrated in one trading day.