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.
Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop!
— Donald J. Trump (@realDonaldTrump) March 9, 2020
It’s going to be a big surprise if America is still around in a couple decades at the rate these lying pieces O sh!t are going. The military can’t stop the decay. Nor can it cure the rotten bastards from selling out our country. Who in the hell educated these traitors. Some half baked school teacher.
I agree, the dow should only be around 20,000 or less. grew to big to fast, that’s why my money isn’t in it, knew it would crash
Ha ha ha. You don’t have any money.
Energy and financial stocks nosedive! Poor bankers. That damn virus or piss poor economic management. Just remember all the money you put into 401k is yours to keep. Any money they say you made off what you put in is gone. Never was there to begin with. Capitalism 101. Entrapment saving account basically. Stop the 10% take out and reduce to 2% on your paycheck.
Closing bell. Time to get drunk on wall street again. What will tomorrow bring. Another drunk most likely. Can ya give me a 21,000. We need a 21. Bailout status. Again.
It’s ’bout time! Them books were cooked. Dow’s should be at 19-20,000 realistically. Who loses…401K’ers. They can’t get there money out. Viruses are to blame. HaHaHa