Major US indices have recently experienced a deep plunge amid ongoing market jitters. Last week, the New York Stock Exchange saw its biggest crash since Black Monday in 1987 when the Dow Jones Industrial Average plummeted by 22.61% reaching its all-time low. This time, the stock market is heading for another series of big losses. The S&P 500 went down by 9.51% in a single session, while NASDAQ and the Dow shed 9.43% and 9.99% respectively. The crush in the stock market was mainly caused by the panic spreading among investors who had expected some prompt actions from the US government. However, Donald Trump seemed to be reluctant to introduce any stimulus packages or rescue plans. Obviously, market participants hoped that the American leader would step in and take some emergency measures to support the national economy. However, the market was left on its own. At least, the US Federal Reserve cut its key interest rate to near zero in an attempt to maintain stability in the markets.
