Plunging Wall Street stocks end record bull run

NEW YORK: Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.

A bear market is confirmed when an index sinks 20per cent or more below its most recent closing high. The U.S. Federal Reserve is expected to cut interest rates for the second time this month at the conclusion of its two-day monetary policy scheduled for next week.The New York Federal Reserve announced on Thursday that it would introduce US$1.5 trillion in new repo operations this week.

The CBOE Volatility index , a gauge of investor anxiety, shot up to levels not seen since November 2008, the height of the financial crisis.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street pauses trading after stocks sink, Dow down 7.2%[NEW YORK] Trading on Wall Street was halted just moments into Thursday's session after US stocks plunged further on the deepening economic pain from the coronavirus. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street tumbles, Dow confirms bear marketU.S. stock indexes tumbled on Wednesday as investors worried over the absence of immediate measures from President Donald Trump's administration ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »