A trader works on the floor of the New York Stock Exchange on Thursday. All stock trades were halted at 9.35am due to a 'circuit breaker' pause, and trading resumed at 9.50am
Daily Mail: Dow plunges 10% in Wall Street's worst trading day since 1987 despite Fed pumping $1.5 TRILLION into bond markets amid panic over Trump's European travel ban
* Wall Street on Thursday suffered worst trading day since 1987's Black Monday
* Federal Reserve announced a massive injection into short-term lending markets
* Fed will buy $1.5 trillion in U.S. Treasury securities on Thursday and Friday
* Stocks rebounded Thursday afternoon after earlier plunging at the open
* Trading 'circuit breaker' was triggered just five minutes into Thursday's session
* S&P 500 and Nasdaq plunged into bear market territory, down 20% from peak
* Dow also fell into bear market territory on Wednesday for the first time in 11 years
* Recent decline has been one of Wall Street's swiftest retreats of this magnitude
* Investors fear travel bans and other containment measures will hurt economy
* Trump has yet to announce clear economic stimulus plan to deal with outbreak
Wall Street has suffered its worst trading day since 1987 despite a massive liquidity injection by the Federal Reserve, as markets grimly assess the potential economic fallout from the coronavirus pandemic.
The Dow Jones Industrial average was down 2,352.75 points, or 9.99 percent, to 21,200.47 at the closing bell on Thursday.
It was the index's largest percentage drop since the Black Monday crash of 1987, and its largest point drop of all time, beating the record set earlier this week.
Just five minutes into Thursday's session, trading was temporarily halted for an unprecedented second time in one week, after the S&P 500 plunged 7 percent and triggered Wall Street's 'circuit breaker'.
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WNU Editor: The DOW futures are showing another terrible day tomorrow. In the meantime the Asian markets are tanking .... Asian shares plunge after Wall Street’s worst day since ’87 (AP). More here .... World markets plunge deepens as virus panic worsens (Reuters).
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