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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