Wall Street Trading Halted After Dive On Opening

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2020-03-16 HKT 21:50

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  • Investors are worried the coronavirus outbreak could lead to a recession. Photo: AFP

    Investors are worried the coronavirus outbreak could lead to a recession. Photo: AFP

Trading on Wall Street was halted immediately after the opening bell on Monday, as stocks posted steep losses following emergency moves by the Federal Reserve to try to avert a recession due to the coronavirus pandemic.

Just after the opening bell, the S&P 500 was at 2,490, a drop of 8.1 percent and beyond the seven percent loss that automatically triggers a 15-minute trading halt.

The Dow Jones fell 9.7 percent, or around 2,250 points, to 20,935, while the Nasdaq tumbled 6.1 percent to 7,392. (AFP)

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