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Wall Street enters bear market as Europe travel ban stuns investors

Posted on AllSides March 12th, 2020
From The Center
banking and finance, stock market, Wall Street, S&P 500, coronavirus

The S&P 500 and the Nasdaq cratered into a bear market on Thursday as a shock move by President Donald Trump to suspend travel from Europe rattled investors already shaken by fears of a global recession on the back of a coronavirus pandemic.

Trading on Wall Street was halted minutes after the opening bell as the S&P 500 slid 7% and triggered a 15-minute cutout. The indexes are now more than 24% below their intraday record highs hit in February.

The announcement knocked the S&P 1500 airlines index .SPCOMAIR down...

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