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Dow Dives 1,900 Points, NYSE Halts Trading As Stock Indexes Plummet

Trading on the New York Stock Exchange was halted Monday after indexes plunged 7% in reaction to Saudi Arabia’s sudden oil-price cut. The financial market chaos is the latest reaction to the coronavirus epidemic.

In early trading, the Dow Jones Industrial Average was down more than 1,900 points — more than 19% off its February peak. Stocks fell sharply in Asia and Europe.

The price of oil was also fell — down 21% on Monday following the unexpected Saudi move.

Copyright 2020 NPR. To see more, visit https://www.npr.org.
 
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