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Uncertain Markets May Drive Cybersecurity Consolidation

March 17, 2020

After a week of ups and downs, Wall Street took another plunge on Monday, bringing technology companies and cybersecurity firms along for the ride for what turned out to be one of the worst U.S. stock market days in history.

By the end of the trading day on Monday, the Dow Jones Industrial Average and S&P 500 recorded their worst days since the infamous “Black Monday” crash of 1987. The Dow fell 12.9 percent over the course of the day, while the S&P fell by 12 percent. At the same time, as CNBC reports, the Nasdaq Composite had its worst day on record, falling 12.3 percent.

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