looking beyond borders

foreign policy and global economy

Dow Slumps 2,000 Points After Oil Shock

Wall Street’s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession. Trading on U.S. stock exchanges was halted immediately after opening, as the benchmark S&P 500 .SPX fell 7% to its lowest since June 2019, triggering an automatic 15-minute cutout put in place after the 2008-2009 financial crisis.

Read Here – Reuters

Also Read: US Trading Halted As Shares Plunge Around The World

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