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Economy

U.S. stocks plunge amid oil shock

1
2020-03-09 23:05:00Xinhua Editor : Zhao Yuning ECNS App Download

U.S. stocks plunged in early trading on Monday with all three major indexes declining more than 7 percent amid anxieties for a possible all-out oil price war and economic slowdown from the spreading coronavirus.

The trading was halted for 15 minutes after the S&P 500 declined by 7 percent, and resumed trading at 9:49 a.m. local time (1349 GMT).

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