Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. - Trading on Wall Street was halted immediately after the opening bell Monday, as stocks posted steep losses following emergency moves by the Federal Reserve to try to avert a recession due to the coronavirus pandemic.Just after the opening bell, the S&P 500 was at 2,490.47, a drop of 8.1 percent and beyond the seven percent loss that automatically triggers a 15-minute trading halt. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
Audio By Carbonatix
It was another ugly day for US stocks.
The Dow recorded its worst one-day point drop in history and its worst performance on a percentage basis since October 19, 1987, also known as “Black Monday."
Stocks fell to session-lows in the final hour of trading after President Trump suggested fighting the outbreak could last until July or August.
Here's where things stand:
- The S&P 500 finished down nearly 12%.
- The Dow closed 2,999 points, or 12.9%, lower.
- The Nasdaq Composite ended down 12.3%.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
President Mahama to attend One Health Summit in France, hold bilateral talks with Macron
7 minutes -
Mahama endorses ADB at Kwahu Business Summit
1 hour -
Every gram will be tracked – Gold Board unveils traceability push to deal with illegally-mined gold
2 hours -
Analysis: Why the Bank of Ghana sold half its gold reserves
2 hours -
Buy wrong gold, face prosecution – Gold Board CEO cracks down on rogue dealers
2 hours -
Africa pushes integrated health agenda ahead of One Health Summit in Lyon
2 hours -
We own the strategy, its not head office decision – GCB MD positions bank as engine of Ghana’s economy
3 hours -
No more waiting for head office – GCB boss pushes Ghana-first banking
3 hours -
Mahama lauds Julius Debrah for shaping Kwahu Business Forum
3 hours -
Why actors beg in difficulty – Patience Ozokwor on Nollywood financial struggles
3 hours -
Any man who apologises to woman deserves to suffer – Brymo
3 hours -
Nigerian artistes no longer put effort into making music – Omah Lay claims
4 hours -
‘I’m now skeptical about going into politics’ – Davido
4 hours -
Nigeria’s Seplat Energy resumes operations as oil workers halt strike action
4 hours -
Nigeria launches manhunt after abductions by bandits in northwest Zamfara
4 hours