NYSE Halts Trading As Stocks Plummet At Opening Bell

USA Today reports:

U.S. stock futures and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession.

Dow futures tumbled 1,255 points while Standard & Poor’s 500 futures sank 4.9%. Futures contracts hit a 5% daily down limit on Sunday evening, triggering a halt in trading.

On Monday, the New York Federal Reserve said it will increase the amount of money it is offering to banks for their short-term funding needs, CNBC reported, a move to guard against market pressures.