S&P 500, Nasdaq cross bear market threshold after Europe travel shock

The S&P 500 and the Nasdaq on Thursday fell 20per cent below their Feb. 19 closing high, crossing the threshold into a bear market after President Donald Trump's shock move to suspend travel from Europe.

A trader works on the floor of the New York Stock Exchange in New York City, New York, U.S., March 11, 2020. REUTERS/Andrew KellyREUTERS: The S&P 500 and the Nasdaq on Thursday fell 20per cent below their Feb. 19 closing high, crossing the threshold into a bear market after President Donald Trump's shock move to suspend travel from Europe.

The Dow Jones Industrial Average fell 1,368.51 points, or 5.81per cent, at the open to 22,184.71. The S&P 500 opened lower by 110.52 points, or 4.03per cent, at 2,630.86. The Nasdaq Composite dropped 553.47 points, or 6.96per cent, to 7,398.58 at the opening bell.

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Australia: Shares fall 3.6% on Wednesday, slide into bear market[SYDNEY] Australian stocks have entered a bear market after toying with the threshold earlier this week. Read more at The Business Times.
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Financial markets wilt, stocks plunge as Trump stuns with Europe travel banTOKYO — Financial markets reeled on Thursday (March 12) as stocks dived and oil slumped after US President Donald Trump took the dramatic step of banning travel from Europe to stem the spread of the coronavirus, threatening more disruptions to trade and the world economy.
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