Dow plunges at opening Monday, triggering 15 minute halt in trading

General Electric gets booted from the Dow
Posted at 6:44 AM, Mar 16, 2020
and last updated 2020-03-16 09:44:28-04

NEW YORK (AP) — Stocks sank at opening bell Monday, triggering 15 minute halt in trading, as investors worry virus impact could lead to recession.

The dow plunged 2,250 points, 9.7%, as more of US economy shuts down, Fed makes emergency rate cut; oil prices fall sharply.

Stock markets are falling sharply after central bank moves to shore up economic growth failed to dispel fears over anti-virus controls that are shutting down global business and travel.

The selloff followed the Federal Reserve's surprise decision to slash interest rates.