Stock market plummets; trips circuit breaker

  • 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.

CNN:

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