Markets in red: New York Stock Exchange trading suspended for 15 minutes

US, WASHINGTON (ORDO NEWS) — Trading on the New York Stock Exchange was suspended 15 minutes after the S&P 500 index fell by more than 7%. The relevant data are given on Wednesday on the website of this trading platform.

By 13:00, the East Coast of the United States (20:00 Moscow time), the S&P 500, which includes the 500 largest companies in the US market, amounted to 177.29 points (7.01%), it fell to the level of 2351.90 points. Bidding may again be suspended for 15 minutes if the fall of this index exceeds 13%. Until the end of the session, trading will be stopped if the S&P 500 crashes by more than 20%.

The American industrial index Dow Jones at that moment lost 1,660.63 points (7.82%), dropping to 19576.75 points. The Nasdaq Electronic Exchange Index fell 462.37 points (6.30%), to the level of 6872.41 points.

The beginning of trading on Wednesday was marked by a decrease in the main indices by 5-6%. The CNBC television company pointed out that this is due to the continuing threat of the spread of a new coronavirus in the United States and the world.

According to Johns Hopkins University, which makes calculations based on data from federal and state authorities, the number of cases of coronavirus infection in the United States increased to 7324, at least 115 people died.

The outbreak of the disease caused by the new coronavirus in Central China at the end of 2019 spread to more than 130 countries and was recognized by the World Health Organization as a pandemic. According to the latest data, over 200 thousand people have become infected in the world, more than 8 thousand have died. According to the operational headquarters, 147 cases of infection were registered in Russia.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

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