skip to main content

Dow Jones Industrial Average Falls Below 9,000

The looming fear of a Great Depression echoes on Wall St. as the Dow tumbles. Experts warn it's time the Fed needs to act.

Written bySheril Kirshenbaum
| 1 min read
Follow on GoogleGoogle News Preferred Source
Placeholder image

Newsletter

Sign up for our email newsletter for the latest science news

Sign Up

Placeholder image showing Earth from space with an alert icon and the message ‘This image is no longer available.’

This image on Wall St. is becoming all too familiar at CNN.com...as are rumors of another impending 'Great Depression'. One year ago, the Dow closed at 14,164.53. Today's it's about to close at 8,579.19. I'm not a financial analyst, but it's clear times are changing. And the Fed needs to act. Now.

Meet the Author

More on Discover
ancient rock wall that was once a defensive structure

4,000-Year-Old Moroccan Defense Structure May Be the Oldest Known in North Africa Beyond the Nile Valley 

Abydos, Egypt, old temple

What 46 Ancient Egyptian Skulls Reveal About Human Sacrifice In Royal Tombs 

depiction of Beta pictoris d exoplanets

Radio Emission Detected from Massive Exoplanet Reveals a Magnetic Field Far Stronger Than Earth's

Group of bats flying at night past the full moon

How to Watch For Bats at Night, Build Your Own Rain Barrel, Mine Your Own Gems, and Track the ISS as It Flies By 

a collection of images for this week's top stories

An Update on the Perseverance Rover, a Cold War Satellite Explodes Above Earth, and Gene-Edited Bananas Stay Yellow Longer

Slabs of the Westlothiana fossil

The 345-Million-Year-Old Landmark Fossil “Lizzie” Was Not a Reptile — It Had Gills and a Fish-Like Mouth

Old white cathedral surrounded by purple thistles

Lost Scottish Monastery May Have Been One Of Medieval Britain's Most Important Religious Centers 

Swirling neutron stars colliding

Mysterious Cosmic Flashes Could Be Linked to a Neutron Star Merger

brown and yellow banana comparison

A Gene-Edited Banana Stays Yellow Longer and Is a Step Closer to Grocery Store Shelves 

Historical statue of Thomas Jefferson

DNA from Thomas Jefferson's Hair May Resolve 200-Year-Old Controversy Involving Sally Hemings

Scan of P. robustus skull

Newly Discovered Homo Erectus Fossil Reveals a Time When Our Ancestors Were Outnumbered in South Africa 10 to 1

Illustration of satellites and scattered space debris orbiting Earth, with sunlight glowing along the planet’s edge.

Cold War Spy Satellite Suddenly Shatters in Low Earth Orbit, Creating a Cloud of Debris That Could Threaten Other Spacecraft

Stay Curious

JoinOur List

Sign up for our weekly science updates

View our Privacy Policy

SubscribeTo The Magazine

Save up to 40% off the cover price when you subscribe to Discover magazine.

Subscribe