Stock exchange halts trading after steep losses due to coronavirus
Stock Market,Wall Street,Coronavirus,Banking And Finance
From the Right
AllSides Media Bias Rating: Lean Right
Trading halted briefly on Wall Street Monday morning after a rout of stock prices caused a selloff of more than 7% due to fallout from the coronavirus.
The 15-minute halt followed rules implemented after the stock market plunge of 2008-09.
The Dow Jones Industrial Average dropped more than 1,800 points after the opening bell. The markets also are being affected by plunging oil prices.
Trading resumed after the 15-minute “circuit breaker,” and the selloff continued.
Markets in Europe were also down about 7% on Monday.
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