Trading on US exchanges was suspended due to a fall of 7%
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American exchanges continued the global decline in stock markets. Immediately after the opening, the S&P 500 index fell by 7%, after which trading was stopped by the rules for 15 minutes
Photo: dog97209 / flickr.com
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Trading on American trading floors opened with a drop in quotations. Immediately after the start, the S&P 500 index fell by 7%, which caused a scheduled suspension of trading for 15 minutes. During this time, the Dow Jones index lost 7.29%, NASDAQ Composite decreased by 6.86%.
The US market is falling for the third day in a row. For three days, the Dow Jones fell at the time of stopping trading from 27,090.86 points to 23,979.9 points (minus 11.48%), the NASDAQ dropped from 9,018.09 points to 7,987.44 points, losing 11 in three days , 43%.
Markets are falling amid the spread of the epidemic caused by the COVID-19 virus and after the actual collapse of the deal to limit OPEC + oil production. Brent crude prices were down 30.9% during today’s trading to $ 31.27 per barrel.
The leaders of the fall were the shares of oil companies: Occidental Petroleum shares collapsed by 43%, ConocoPhillips – 30%, Exxon Mobile dipped 8.9%, Chevron – 10.6%, Baker Hughes – 15%.
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Today, the drop in indices also occurred on Asian and European markets. Japanese Nikkei index fell 5.07% to 19698.76 points, Hong Kong Hang Seng fell 4.23% to 25040.46 points. At 16:40 Moscow time, German DAX lost 7.83%, and the British FTSE – 8.4%, falling to 10,638 and 5,918 points, respectively.
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