Day trading pre-market open March 10, page-3

Dow Dives 2,013 Points As Worries Grow Over Coronavirus Impact

Updated at 4:20 p.m. (US time zone)

ETStock indexes tumbled so fast Monday that trading on the New York Stock Exchange was halted temporarily for the first time since October 1997. The Dow Jones Industrial Average lost 2,013 points. The blue chip index fell nearly 7.8% and the S&P 500 dropped 7.6%. It was the worst day for the market since 2008, during the financial crisis.The 15-minute trading halt, triggered automatically by a 7% drop in the S&P 500, came shortly after the opening bell, when stocks tumbled in reaction to Saudi Arabia's shocking oil price cut. The market-wide trading halt was the first since the crash of Oct. 27, 1997, when the Dow Jones Industrial Average dove 554 points, or 7.2%. The financial market chaos comes amid increasing worries that the coronavirus epidemic will plunge the global economy into recession. Stocks also fell sharply in Asia and Europe. BUSINESS How Stock Market Circuit Breakers Work The price of oil also fell — down about 25% Monday following the unexpected Saudi move.As investors fled stocks and sought relative safety in government bonds, the yield on the benchmark 10-year Treasury note fell below 0.4% overnight before climbing above 0.5% Monday afternoon.

Source: https://www.npr.org/2020/03/09/813619387/dow-dives-1-900-points-nyse-halts-trading-as-stock-indexes-plummet