09-03-2020 20:54 via feedproxy.google.com

Coronavirus worries spark panic-driven sell-off on Wall Street

Today, amidst a veritable Wall Street panic, all three major U.S. stock averages opened sharply lower in a plunge so steep it triggered a trading halt due to safeguards put in place to avoid a repeat of 1987’s “Black Monday” crash. The Dow dropped a record 2,000 out of the starting gate. S&P 500 was on track for its largest one-day percentage drop since December 2008, the height of the financial crisis.Stephen Culp for Reuters:Wall Street tumbled on Monday and recession fea
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