US stocks suspended on deep losses, S&P 500 down 7%

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NEW YORK (AFP) - Trading on Wall Street was halted again on Wednesday (March 18) due to rising fear about the economic hit from the coronavirus in spite of massive government stimulus announcements.. Read more at straitstimes.com.

NEW YORK - Trading on Wall Street was halted again on Wednesday due to rising fear about the economic hit from the coronavirus in spite of massive government stimulus announcements.

The 15-minute trading suspension was triggered by a seven-percent drop in the S&P 500, which was at 2,351.90.The Dow Jones Industrial Average was down 7.8 per cent at 19,576.75, sinking below where it was when US President Donald Trump was inaugurated, while the tech-rich Nasdaq Composite Index plunged 6.3 per cent to 6,872.41.

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