Stocks reopen for trading after 15-minute trading halt

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UPDATE: Stocks reopen for trading after 15-minute trading halt; Dow down 8% as fears of economic damage from pandemic deepen.


NEW YORK (AP) – An early plunge of 7% on Wall Street triggered a trading halt as a sell-off slamming global markets continued.

The Dow Jones industrials dropped more than 1,600 points, or 7%, the S&P 500 fell a similar amount.

Trading resumes after 15 minutes.

The rout came after President Trump imposed a travel ban on most of Europe and offered few new measures to contain the economic impact of the coronavirus outbreak.

Benchmarks in Europe fell more than 7% even after the European Central Bank announced more stimulus measures.

World markets are enduring violent swings amid uncertainty about how badly the outbreak will hit the economy.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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