Temporary halt in trading after S&P 500 falls 7%.
With a collapse in oil prices triggered by the Saudi-launched price war, and Coronavirus fears spreading posing a devastating threat to both lives and the economy, stocks have plunged.
The Dow Jones was down over 1,800 points, and the S&P 500 was down a whopping 7% in just minutes of trading.
The TSX fell over 1400 points, the biggest drop since the Financial Crisis. Trading was temporarily halted as well.
As a result, circuit breakers were triggered, causing a temporary halt in trading until 9:49 eastern time.
Spencer Fernando
Photo – Twitter
