Daily Mail: Disastrous day on Wall Street ends with the Dow closing more than 2,000 points - 7.8% - down in biggest point drop EVER after 'kill switch' stopped trading briefly thanks to coronavirus 'pandemonium' and Saudi-Russia oil price war
* The Dow Jones Industrial Index opened on a loss of more than 1700 points on Monday
* The sudden downturn triggered circuit breakers which halted trading for 15 minutes to stop the markets free-falling
* When trading resumed, it fell further briefly, marking a loss of 2,000 points
* By the end of the day, it had gotten worse and it closed 2,025.32 down
* It signals the biggest single-day point drop ever
* The volatility has been sparked by a combination of coronavirus panic and an oil war between Saudi Arabia and Russia
* Analysts are calling the fall-out a 'one two punch' which could destroy Saudi Arabia's allies' economies in such a fragile time
* The London FTSE 100 suffered astronomical losses on Monday too
* Despite the undeniable financial chaos, Trump blamed the
The Dow closed on Monday down more than 2,000 points after a dramatic day of trading which saw the markets close briefly because stocks were free-falling so chaotically.
At the closing bell, the Dow was down by 2,025.32, 7.83 percent, which was worse than the figure that had forced trading to a halt earlier in the day. It signals the worst ever point drop for the index.
It was the worst day of trading on Wall Street since the GFC in 2008, with the oil prices plummeting and the futures market also suffering astronomical losses.
Trading was stopped by the Street's 'kill-switch', which is known as a circuit breaker, not long after the opening bell on Monday after stocks dropped by seven percent.
Read more ....
Dow drops 7.8% as free-fall in oil, virus fears slam markets -- AP
Wall Street clobbered as crude plummets, virus crisis deepens -- Reuters
More News On US Stock Market 'Bloodbath'
Wall Street circuit breakers trip ... markets, crude plunge -- AP
Global stock markets, oil prices plunge amid coronavirus fears -- France 24
US trading halted as shares plunge around the world -- BBC
Wall Street trading halts as major indexes crash -- DW
Stock trading temporarily halted as plunge triggers 'circuit breaker' -- The Hill
Trading at New York Stock Exchange halted for 15 minutes after S&P plummets 7 per cent -- SCMP/AFP
Stocks plummet as oil price plunge sends markets into frenzy -- The Hill
More News On Today's Oil Price Crash
Oil plunges 25%, hit by erupting Saudi-Russia oil price war -- Reuters
Oil prices collapse with biggest drop since 1991 Gulf War -- DW
Oil prices plummet on OPEC tangle, coronavirus fears -- The Hill
Saudi Arabia denies plans to wage price war with Russia on oil market -- TASS
Saudi Arabia to increase oil output; prices fall nearly 30% -- UPI
Rosneft to start boosting crude output in April, says Bloomberg -- TASS
Oil plunges in Asia as producers start price war -- BBC
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