The Dow Jones Industrial Average has plunged 6.3 percent since early Thursday, setting a new all-time low.
The market closed at 23,974.53 and has dropped 7.9 percent in the past 24 hours.
The index is now down a staggering 27.3 points in less than four years.
It’s down 6,932 points since the end of the recession.
The S&P 500 is down 3.6 percent.
For most of the year, stocks in general have been surging.
Investors have piled into the market to buy stocks and the Dow has been up more than 6,000 points each day this year.
But that trend has been disrupted by the US stock market’s continued slide.
The Dow has lost more than 20 percent of its value in the last 24 hours, its worst run since the 2008 financial crisis.
It lost 6.2 percent Thursday.
And its loss is even worse than what happened in December 2011, when the index lost 7.3.
The decline in stocks has coincided with a drop in the value of the dollar.
Investors are less willing to invest in the US, with the dollar at its lowest value against the euro since the year 2000.
The dollar has fallen against most other major currencies, but the S&s fall has been sharper.
The dollar has lost 0.4 percent against the yen, down from 1.3 in the previous trading session.
The price of gold has also fallen against the dollar, down 0.3 per cent.
The sell-off has hurt US stocks in other sectors, as well.
The Nasdaq has fallen 2.3%, while the S.&.
Brokers Index is down 2.2%, while retail investors are down 2% and healthcare stocks are down 0% in the wake of the stock market collapse.
The S&ing stock market crash has taken its toll on the economy.
The jobless rate is now 3.1%, compared with a year ago.
The economy is expected to contract 0.7 percent this year, according to the Labor Department.
The collapse in US stocks is part of a broader trend.
The stock market has been struggling to keep pace with the economy and with the pace of economic growth, and that has slowed.
The stock market is up more by almost 50 percent since late 2007, and many analysts have argued that the recent market slump has been caused by the financial crisis and the Fed’s unprecedented easing of monetary policy.
“There’s no doubt that there’s been a lot of credit growth in the economy, but it’s been done so slowly and so far with a view to the economy being able to recover, which hasn’t happened,” said Daniel Giannotti, an economist at the Economic Policy Institute.
“The Fed has been doing a lot in the face of the slowdown in growth, but this has not kept up with inflation and the real wage growth, which has slowed down.”
A bigger reason for the stock markets slump is that the Fed has not been as aggressive as the Fed had hoped.
The central bank’s bond purchases have been more moderate than what many economists had expected.
The Fed has also kept interest rates near zero, even though it has said it will keep its rate low for the foreseeable future.