NEW YORK (AP) – For the second time this week, trading halted on Wall Street for 15 minutes as fears of the coronavirus outbreak continue.
As of midmorning Thursday, the Dow Jones Industrial Average was down about 1,800 points, or nearly 8%, while the broader S&P 500 was off 6.2%.
The steep decline comes amidst a cascade of cancellations and shutdowns world wide and rising concerns that the White House and other world leaders won’t be able to curb the virus’ negative impact on the economy any time soon.
The New York Stock Exchange issued a statement this week, seeking to ease investors concerns.
The NYSE has a comprehensive range of actions, rules, and market mechanisms that aim to prevent extreme price dislocations and temper extraordinary volatility.
You can find more information about some of our most significant protections here: https://t.co/64HoK6tUnz
— NYSE 🏛 (@NYSE) March 9, 2020
At least 38 people have died and there are more than 1330 confirmed cases of COVID-19 in the United States.
At least 4,752 people have died and there are more than 130.063 cases world wide.
Copyright 2020. Associated Press. All Rights Reserved. WBAP contributed to this report.