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Stock trading briefly halted as Dow Jones plunges amid Coronavirus fears, falling oil prices

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NEW YORK (AP) - Stocks plunged 7% on Wall Street Monday, triggering a trading halt for 15 minutes.

The Dow Jones Industrial Average plummeted 1,500 points, or 6%, following similar drops in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.

Indexes in London and Frankfurt dropped by more than 7%. The benchmark for Italy, where the industrial and financial heartland was put in lockdown, fell 11%.

Oil prices are down about 20%, deepening a rout that began when Saudi Arabia, Russia and other producers failed to agree on cutting output. Bond yields sank to new lows.

Article Topic Follows: News
coronavirus
economy
Stocks
wall street

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