NEW YORK — The Dow Jones Industrial Average fell by 1,700 points Thursday morning after President Trump’s long-awaited response to the coronavirus epidemic triggered a massive sell-off on Wall Street.
The S&P 500 plunged by 7 percent, triggering a circuit breaker, which halts all trading on the New York Stock Exchange for 15 minutes.
All three major averages sank after Trump’s Oval Office address Wednesday night failed to satisfy traders who were hoping for more concrete steps to reduce any economic slowdown from the viral outbreak.
It was the second time trading was temporarily halted on Thursday morning, after all three major averages sank below the 5 percent “limit down” marker in premarket activity.
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