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Wall Street down more than 10% amid panic over economic hit from virus

Tue, Mar 17, 2020 - 5:50 AM

Wall Street trading was halted soon after the opening bell on Monday, as stocks posted deep losses after emergency moves by the Fed to try to avert a recession caused by the viral outbreak.

PHOTO: AFP

New York

WALL Street stocks plunged more than 10 per cent early on Monday as panic over the economic hit from the coronavirus outbreak offset emergency moves by the Federal Reserve.

About 25 minutes into trading, the Dow Jones Industrial Average stood at 20,669.42, down 10.9 per...

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