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.
Trading has resumed but the DOW has fallen %11.89 and down over 2700 points.