Markets Crash, Trading Halted At Opening Bell, Despite Trump-Endorsed Fed Cut

Over the past weekend, in an effort to inject a boost to an already fragile economy and stock market, the Federal Reserve dropped interest rates down to zero percent.

It was a demand that President Donald Trump had frequently made of the Fed for several months. In recent weeks, Trump also implied that the move would help stave off more drops in the stock market, as the world grapples with the economic fallout from the coronavirus pandemic. read more

Trading On Wall Street Halted As Markets Drop Thousands Of Points Over Coronavirus, Oil Concerns

Wall Street stock markets dropped so precipitously on Monday’s opening bell that a 15-minute delay in all trading conducted was triggered.

Such a trigger happens on trading when the S&P 500 dips below 7 percent from its previous close, Bloomberg reported. If the rate drops down to 20 percent below its previous close, Wall Street itself will close for the day. read more