US stocks suspended on deep losses, S&P 500 down 7%

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

NEW YORK (AFP) - Trading on Wall Street was halted again on Wednesday (March 18) due to rising fear about the economic hit from the coronavirus in spite of massive government stimulus announcements.. Read more at straitstimes.com.

NEW YORK - Trading on Wall Street was halted again on Wednesday due to rising fear about the economic hit from the coronavirus in spite of massive government stimulus announcements.

The 15-minute trading suspension was triggered by a seven-percent drop in the S&P 500, which was at 2,351.90.The Dow Jones Industrial Average was down 7.8 per cent at 19,576.75, sinking below where it was when US President Donald Trump was inaugurated, while the tech-rich Nasdaq Composite Index plunged 6.3 per cent to 6,872.41.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Those US$1,000 checks from Trump's US$1 trillion stimulus plan won't stop a US recessionNEW YORK (BLOOMBERG) - US President Donald Trump's plan to send US$1,000 to every American, part of a US$1 trillion (S$1.43 trillion) emergency stimulus package (S$1.43 trillion) to contain the economic hit from the coronavirus, is unlikely to stop a US recession.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

New Zealand unveils US$7.3 billion pandemic stimulus packageNew Zealand announced a NZ$12.1 billion (US$7.3 billion) stimulus package Tuesday to counter the economic shock of the coronavirus pandemic.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US airlines urgently need US$50 billion in grants, loans - letterWASHINGTON: A group representing major U.S. airlines said the industry needs US$50 billion in grants and loans to survive the dramatic falloff in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Amtrak, US state rail agencies need US$1 billion after coronavirus outbreakU.S. railroad Amtrak said the passenger rail service and its state partners need US$1 billion in government assistance after a dramatic decline in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: US airports seek US$10 billion in government assistance over travel demand collapse - sourcesU..S. airports are seeking US$10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US airlines seek US$50 billion coronavirus bailout to avoid collapseThe White House is drafting a financial assistance package is expected to include direct assistance, loans and tax relief in the wake of the steep ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »