Dow plummets, trading briefly suspended after Trump’s coronavirus response sparks market sell-off

Dow plummets, trading briefly suspended after Trump’s coronavirus response sparks market sell-off

The Dow Jones Industrial Average fell by 2,000 points Thursday morning after President Donald Trump’s long-awaited response to the coronavirus epidemic triggered a massive sell-off on Wall Street.

The S&P 500 plunged by 7 percent, triggering a circuit breaker, which halts all trading on the New York Stock Exchange for 15 minutes.

All three major averages sank after Trump’s Oval Office address Wednesday night failed to satisfy traders who were hoping for more concrete steps to allay any economic slowdown from the viral outbreak.

via NBC Dow plummets, trading briefly suspended after Trump’s coronavirus response sparks market sell-off