NYSE Halts Trading After 1700-Pt Plunge At Opening

March 12, 2020 Business, Coronavirus

The Dow Jones Industrial Average fell by 1,700 points Thursday morning after President Donald Trump’s long-awaited response to the coronavirus epidemic triggered a massive sell-off on Wall Street.

All three major averages sank after Trump’s Oval Office address Wednesday night failed to satisfy traders who were hoping for more concrete steps to staunch any economic slowdown from the viral outbreak.

Trading had been temporarily halted early Thursday morning ahead of the opening bell, after all three major averages sank below the 5 percent “limit down” marker.

S&P 500 Index drops 7%, U.S. stock trading halted https://t.co/t5Y1zEa8b2 pic.twitter.com/oWXcnKk6ig

— Bloomberg Markets (@markets) March 12, 2020