The Dow plummeted 1,800 points at the open, tripping circuit breakers that halted trading at the New York Stocks Exchange.
The growing coronavirus pandemic is also making investors anxious. There are now over 100,000 cases and over 3,000 deaths attributed to this new virus.
The New York Stock Exchange has halted stock trading for 15 minutes after the S&P 500 fell 7% on Monday morning.
The New York Stock Exchange has a series of “circuit breakers” in place to calm investors’ nerves when they’re panicked.
The next circuit breaker would be if the market falls by 13%. That would pause trading for another 15 minutes.
If the market plunged 20%, everyone would go home: Trading would stop for the day.
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