S&P 500 tumbles 9%

The S&P 500 tumbled 8% at opening on Monday, triggering an automatic 15-minute halt of Wall Street's three main indexes for the third time in six days

NEW YORK: The S&P 500 index plunged over 9% on Monday as trading resumed after an initial automatic 15-minute cutout, driven by mounting fears of the damage the coronavirus is doing to the global economy.

The halt at the opening was the third emergency pause in Wall Street trading in six days, and followed another series of drastic moves by the U.S. Federal Reserve over the weekend to shore up the U.S. economy.