Stocks halted for trading after S&P 500 plunges 7%
Posted on AllSides March 9th, 2020
From The Left
U.S. stocks and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession.
The Dow Jones industrial average tumbled 1,800 points while the Standard & Poor’s 500 sank 7%. The technology-heavy Nasdaq Composite dropped 7%. Contracts hit a 7% daily down limit shortly after the opening bell, triggering a halt in trading for 15 minutes.
The New York Fed Monday said it will step up its cash injections into the financial system to prevent the kind of cash shortages...
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