Coronavirus: Trading at Wall Street resumes after 7% plunge triggers halt

Amid the novel coronavirus outbreak, trading on Wall Street was on Monday (March 9) resumed after being temporarily halted as US stocks joined a global fall out of crashing oil prices and rising worries.

This is the biggest one-day fall ever, as trading resumed on Monday following a 22 per cent slump in oil prices.

The suspension was taken up after the S&P 500’s losses hit the circuit breaker at seven percent. Near 13:40 GMT, the index was down more than 200 points at 2,764.21.

The trading saw an automatic 15-minute cut out shortly after the opening bell on Monday.

The Dow Jones Industrial Average sank 7.3 percent to 23,979.90, while the tech-rich Nasdaq Composite Index fell 6.9 percent to 7,987.44, as reported by AFP.

More inputs awaited…