Stock trading halted on Wall Street after market plunge

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AP

AP

NEW YORK (AP) — An early plunge of 7% on Wall Street triggered a trading halt as a sell-off slamming global markets continued.

The Dow Jones industrials dropped more than 1,600 points, or 7%, the S&P 500 fell a similar amount.

Trading resumes after 15 minutes. The rout came after President Trump imposed a travel ban on most of Europe and offered few new measures to contain the economic impact of the coronavirus outbreak.

Benchmarks in Europe fell more than 7% even after the European Central Bank announced more stimulus measures.

World markets are enduring violent swings amid uncertainty about how badly the outbreak will hit the economy.

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