Coronavirus fear and plunging oil price send stock markets reeling

Stock trading was halted for 15 minutes on Monday morning after the S&P 500 plummeted more than 7%. READ MORE: https://abcn.ws/39B2E89

U.S. financial markets plunged as trading began on Monday — enough to trigger a temporary halt to trading — amid fears over the economic fallout of the coronavirus outbreak and uncertainty over falling oil prices.

Stock trading was halted for 15 minutes on Monday after the S&P 500 plummeted more than 7% in the first minutes of trading. The halt was caused by an automatic circuit breaker safety mechanism that kicked in to prevent a free fall amid the sell-off.

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31 thoughts on “Coronavirus fear and plunging oil price send stock markets reeling

  1. Stock futures shows oil at +33 dollars a barrel. The storage is full and the demand is way low. How can the futures be positive. WTF

  2. It's amazing anyone still puts money into the market. It's such a rich man's game. 2008 anyone? You want to lose 60% of your hard earned money? Go for it.

  3. Coronavirus is not the reason why the stock market is doing bad, this is something that’s being building up for years already

  4. I don't want to frighten anyone unduly. The pandemic in which the US is affected must be taken seriously and honestly. Italy has been hard hit because of a cultural factor. Unlike most western nations, Italian families often have three generations in homes. The elderly are vulnerable to the infection and Italy has a high number of elderly. America is different demographicly and culturally. The virus is quite contagious. In an odd way this works in America's favour because once a certain percentage are infected the virus will burn out. It's called herd immunity. I have no faith in any data from the CDC. Trump wants low numbers for his election and the data is untrue. Trump punishes truth tellers. There are about 317 million americans. World mortality [W.H.O.] cites a motality rate > 3% but there is a variability between countries. 190M ~ or 60% might be infected before herd immunity kicks in. Most people will be ok. I won't guess about fatalities but it will be painful.

    Trump is criminally negligent for lying to americans and ignoring taking promp action to minimise harm. America…an unnecessary number of people will pay for his cowardice. He is unsuited for his role. Please remember.

  5. Excellent home mortgage interest rates due to the covid 19. It's the perfect time to refi. Taking advantage of that for our family! 👍

  6. Why the world should pay US dollar to trade oil? It pays off. please respest other country, do not output poverty to the world using dollars. thank you Trump

  7. Russia didn't work, impeachment didn't work, and the leftist cabal won't succeed in dethroning Trump with the Coronavirus scare. Trump WILL remain president at the end of November. Down with the deep state, new world order.

  8. Coronavirus spends by wild canadian geese and the dust from there droppings , There 65 hogs to ever one person in this north west iowa county , Coronavirus jump from anamals to people , They need to build more confinements in one small area and see if they kill ever body off next .

  9. South Korea has the highest number of Covid-19 cases out of all the countries who report their test counts 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘁𝗵𝗲𝘆 𝗮𝗿𝗲 𝗱𝗼𝗶𝗻𝗴 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝘁𝗲𝘀𝘁𝗶𝗻𝗴!

    As of March 2, the day the CDC stopped publishing the test count, a grand total of 472 people had been tested in the United States, as compared to the 109,591 tests administered by South Korea.

    Out of the paltry 472 tests, there are already confirmed cases in 28 states. Nobody really knows how widespread this is in the United States right now. You can bet that there are a hell of a lot more cases in the US than what have been identified so far.

  10. Wall Street was in bad shape for a long time. Corona Virus had nothing to do with it. But your puppet leader had you distracted with that stupid impeachment. This has been coming for a very long time. You can't keep printing money up out of thin air. Trump is a BS liar. The stocks only looked good because of all the QE that has been happening everyday lol. The collapse of the fiat dollar is at hand.

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