The moment the stock market opened, trading was haulted “triggering a key market-wide ‘circuit breaker’ designed to prevent the market from falling through the floor.”
The S&P 500 plunged about 8% right after the opening bell, tripping the level one circuit breaker that resulted in a trading halt for 15 minutes. The Dow Jones Industrial Average plummeted 2,250 points at the open. The market reopens at 9:46 a.m. ET.
The brutal sell-off came even after the Federal Reserve cut interest rates to near zero in an aggressive bid to save the U.S. economy from the coronavirus fallout.
![](https://i0.wp.com/newsviews.online/wp-content/uploads/2020/03/Snip20200316_7.png?resize=631%2C445&ssl=1)
Trading has resumed but the DOW has fallen %11.89 and down over 2700 points.