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Wall Street Plunged So Fast They Suspended Trading

Dow falls more than 1,700 points
By Newser Editors,  Newser Staff
Posted Mar 12, 2020 8:37 AM CDT
Updated Mar 12, 2020 8:47 AM CDT

(Newser) – The market is cratering at the open, and it happened so fast that trading was suspended for the second time this week. The Dow fell more than 1,700 points, about 7%, after another string of worrying coronavirus developments. The benchmark S&P fell 7% as well, and that triggered a 15-minute "circuit breaker" pause in trading, reports CNBC. The plunges come after the Dow slipped into a bear market Wednesday after 11 years of a bull run. On Thursday, the S&P also entered a bear market.

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Meanwhile, the New York Stock Exchange is exploring the unprecedented step of closing its trading floor and switching to electronic backup systems, reports the Wall Street Journal. The move comes amid a push to discourage large gatherings of any kind as a way to curb the spread of the disease. (Read more stock market stories.)

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