Wall Street resumes trading after 7% slide triggers halt

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Trading on Wall Street’s three main indexes was halted moments after the opening bell. (Photo: AFP)NEW YORK: US stock indexes resumed trading on Thursday after being halted for 15 minutes, as the benchmark S&P 500 index plunged 7% and triggered an automatic cutout shortly after the opening bell, for the second time this week. Wall…

Trading on Wall Street’s three main indexes was halted moments after the opening bell. (Photo: AFP)NEW YORK: US stock indexes resumed trading on Thursday after being halted for 15 minutes, as the benchmark S&P 500 index plunged 7% and triggered an automatic cutout shortly after the opening bell, for the second time this week. Wall Street sank into a bear market as a shock move by US President Donald Trump to halt travel from Europe rattled investors already alarmed about a global recession on the back of a coronavirus pandemic. All three main indexes have now fallen over 24% from their intra-day record highs hit in February. At 9:54 am ET the Dow Jones Industrial Average was down 2,075.96 points, or 8.81%, at 21,477.26, the S&P 500 was down 223.81 points, or 8.16%, at 2,517.57 and the Nasdaq Composite was down 635.56 points, or 7.99%, at 7,316.49.
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