Wall Street Trade Temporarily Halted as S&P Drops 7% at Opening
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From the Left
S&P 500 index drops 7%, triggering a 15-minute trading halt
Global stock markets and oil prices plunged Monday after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak.
The main stock indexes in Britain and Germany were down by almost 7%. Japan’s benchmark closed down 5.1% while Australia’s lost 7.3% and the Shanghai market in China was off 3%.
Trading in Wall Street futures was halted for this first time since the 2016 U.S. presidential election after they fell more than the daily limit of 5%. Bond yields...
From the Center
Stock Markets Stay Sharply Lower As Trading Halt Lifts
S&P 500, Dow fall sharply as investors push U.S. Treasury yields to fresh record lows.
Markets shuddered Monday—with U.S. stocks falling hard enough to trigger a trading halt—as a price war for oil and the economic fallout from the coronavirus frightened investors, who sought shelter in the safety of government bonds and propelled yields to unprecedented lows.
The Dow Jones Industrial Average and S&P 500 both fell 7% at the open, a drop that triggered circuit breakers that halted trading for 15 minutes. After reopening, stocks fell a bit more,...
From the Right
Stock exchange halts trading after steep losses due to coronavirus
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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