Stocks nosedive on Wall Street, triggering trading halt

By JOE McDONALD
NEW YORK  —Stocks dropped 8% in the first minutes of trading Monday on Wall Street and triggered another temporary halt to trading as huge swaths of the economy come closer to shutting down, from airlines to restaurants. Emergency actions taken by the Federal Reserve late Sunday to prop up the economy and get financial markets running smoothly again may have raised fears even further, some investors said.
The selling was just as aggressive in markets around the world.