Wall Street trading halted after opening bell on deep losses

By: AFP      Published: 07:02 PM, 16 Mar, 2020
Wall Street trading halted after opening bell on deep losses
Traders work during the opening bell at the New York Stock Exchange on March 16, 2020 at Wall Street in New York City. AFP

Trading on Wall Street was halted immediately after the opening bell 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 2,490.47, a drop of 8.1 percent and beyond the seven percent loss that automatically triggers a 15-minute trading halt.

The Dow Jones Industrial Average fell 9.7 percent, or around 2,250 points, to 20,935.16, while the tech-rich Nasdaq Composite Index tumbled 6.1 percent to 7,392.73.