Sadly Familiar Wall Street News: Trading Is Halted

It's the fourth time in 2 weeks
By Newser Editors,  Newser Staff
Posted Mar 18, 2020 12:21 PM CDT
For 4th Time in 2 Weeks, Wall Street Halts Trading
Traders at the New York Stock Exchange watch President Donald Trump's televised White House news conference, Wednesday, March 18, 2020 in New York.   (AP Photo/Mark Lennihan)

Wall Street had a depressingly familiar turn of events Wednesday afternoon: Stocks fell so fast they had to halt trading. That would be the fourth time in two weeks, notes the Washington Post. The automatic 15-halt came about 1pm ET when the S&5 500 fell 7%, reports the Wall Street Journal. The Dow was in similar straits, down 8%. In fact, the index is now below 20,000 and all gains since President Trump's inauguration in 2017 have been wiped out, reports CNBC. In the assessment of the Journal, investors are looking to "raise cash quickly" and are "even shunning assets that are normally considered the safest, including long-term government bonds and gold." (Read more stock market stories.)

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