Stocks plunge: new market-wide trading pause

Despite the Federal Reserve intervening and Donald Trump’s TV appearances and press conferences, stocks plunged so deeply on Monday that The New York Stock Exchange quickly imposed a new market-wide trading pause. Politico reports:> “The New York Stock Exchange shut down trading within minutes of the opening on Monday, as coronavirus fears prompted a massive sell-off that sent shares plummeting. The S&P 500 declined 8 percent after trading started at 9:30 a.m., resulting in a mandatory 15-minute break under Securities and Exchange Commission rules. The pause was the third in two weeks and only…

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