The most recent stock market crash occurred in 2020 as COVID-19 spread worldwide. During the week of Feb. 24, the Dow Jones and S&P 500 tumbled 11% and 12%, respectively, marking the biggest weekly declines to occur since the financial crisis of 2008. The Dow would go on to decline by 9.99% on March 12 — its largest one-day drop since Black Monday of 1987 — followed by an even deeper plunge of 12.9% on March 16.
However, unlike prior crashes whose recoveries required years, the stock market rebounded back to its pre-pandemic peak by May of 2020. Fueling that rapid recovery was an enormous amount of stimulus money, with the Federal Reserve slashing interest rates and injecting $1.5 trillion into money markets and Congress passing a $2.2 trillion aid package at the end of March.