Wall Street sank into a bear market as a shock move by President Donald Trump to halt travel from Europe rattled investors already alarmed about a global recession on the back of a coronavirus pandemic.
NEW YORK:The S&P 500 and the Nasdaq cratered into a bear market on Thursday as a shock move by President Donald Trump to suspend travel from Europe rattled investors already shaken by fears of a global recession on the back of a coronavirus pandemic.
Trading on Wall Street was halted minutes after the opening bell as the S&P 500 slid 7% and triggered a 15-minute cutout. The indexes are now more than 24% below their intraday record highs hit in February.
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