Stock Market Plummets Again as Businesses Close, Lockdowns Spread
Buying and selling in U.S. equities markets was halted moments after the session started on Monday as a plunge within the S&P 500 index triggered a circuit breaker designed to sluggish one other panicky selloff.
The Dow Jones Industrial Common fell greater than 2,200 factors at first of buying and selling at 9:30 a.m. ET. The S&P fell greater than 200 factors, previous the 7% decline threshold that units off a 15-minute halt to buying and selling. The NASDAQ sank practically 500 factors, or greater than 6%.
Media shares weren’t proof against the downturn. Shares in main conglomerates received a respite on Friday when Disney and others logged double-digit features after getting hammered the remainder of the week. However double-digit drops gave the impression to be in retailer for many on Monday.
The market quakes should not a shock after a busy weekend of extraordinary measures from federal, state and native governments to lockdown all however essentially the most important employees. Los Angeles and New York Metropolis on Sunday night introduced broad closures of bars, eating places, cafes, film theaters and different venues the place individuals collect — a disruption that may have ripple results for companies and employees for months to return.
Extra to return
COPYRIGHT_BP: Published on https://bingepost.com/stock-market-plummets-again-as-businesses-close-lockdowns-spread/63088/ by Cecilia Jones on 2020-03-16T13:48:44.000Z
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