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U.S. markets dive, trading suspended after Trump’s coronavirus travel ban fails to calm investors

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

Wall Street suspended trading for second time this week after the Standard & Poor’s 500 plunged 7 percent just minutes into Thursday’s session.

The New York Stock Exchange triggered the forced 15-minute trading halt known as a circuit breaker to stop the free-fall and give traders time to recalibrate. The rarely used lever comes as the coronavirus’s accelerating spread and worsening economic outlook have rattled global markets for weeks.

The Dow Jones industrial average plummeted nearly 1,700 points at the open following President Trump’s announcement that he would restrict all...

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