NEW YORK – The S&P 500 index this morning declined by 7%, triggering a Level 1 Market Wide Circuit Breaker trading halt at the New York Stock Exchange (NYSE).
The NYSE has a comprehensive range of actions, rules, and market mechanisms that aim to prevent extreme price dislocations and temper extraordinary volatility, the outfit said this morning.
“From global shocks like Coronavirus to fluctuations in interest rates, market participants must always be prepared for unanticipated volatility. There is a comprehensive range of actions, rules and market mechanisms that aim to prevent extreme price dislocations and temper extraordinary volatility.”
US equity markets resumed trading after a 15 minute pause.
As oil markets around the world plunged due to a disagreement between OPEC and Russia, the Dow Jones Industrial Average was down 1,800 points when the NYSE opened. Coronavirus fears are making investors jittery. The volatility may go on for some time.
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