Stocks Nosedive on Wall Street, Triggering Trading Halt
The spreading coronavirus is causing businesses around the world to shut their doors, which is draining away revenue.
- Published 16 March 2020
This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.
NEW YORK (AP) — Stocks are down 9% after trading resumed on Wall Street following a temporary halt Monday morning. Markets are down by similar percentages around the world as huge swaths of the economy come closer to shutting down due to the coronavirus outbreak, from airlines to restaurants. Emergency actions taken by the Federal Reserve late Sunday to prop up the economy and get financial markets running smoothly again may have raised fears even…