BREAKING: Trading halted as crude oil price plunge pushes Dow down by 1,800 points, S&P drops 7 percent

The Dow Jones Industrial Average plummeted at the opening bell on Monday, sinking by more than 1,800 points and triggering a “circuit breaker” on the S&P 500 after it dropped by 7 percent, halting trading for 15 minutes.

Traders had anticipated a bloodbath on Monday, after oil prices cratered overnight by 30 percent. Investors took shelter in safe havens, pushing gold to a seven-year high and pushing the 10-year Treasury yield to an all-time low of 0.3 percent by early morning.

Source: NBC News


Do you appreciate our work? Please consider one of the following ways to sustain us.

MBFC Ad-Free 

or

MBFC Donation




Left vs. Right Bias: How we rate the bias of media sources

Found this insightful? Please consider sharing on your Social Media:

Subscribe With Email

Enter your email address to subscribe to MBFC and receive notifications of new posts by email.

Join 22.9K other subscribers



Be the first to comment on "BREAKING: Trading halted as crude oil price plunge pushes Dow down by 1,800 points, S&P drops 7 percent"

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.