PANIC on WALL STREET: Stocks Remain Lower After Trading Resumes; Dow Down 1,800

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Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange, Wednesday, March 11, 2020. Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus. (AP Photo/Richard Drew)

NEW YORK (AP) — Stocks are sharply lower after resuming trading as traders fear that not enough is being done to contain the economic damange from the coronavirus pandemic.

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The Dow industrials are down 1,800 points, or 8%, following a 15-minute trading halt. The sell-off slamming global markets came after President Trump imposed a travel ban on most of Europe and offered few new measures to contain the impact. European markets are down 10%, 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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Real reason
Real reason
3 years ago

Even after last night’s speech, wall street has no trust in the Trump administration’s ability to effectively handle this crisis.
Too bad for Trump that he can’t call it a hoax anymore.
Too bad for Trump that he can’t just declare bankruptcy or pay fines as he did in the past.

Too bad he can’t take credit for the stock market anymore.

His base will always defend him.

We need a uniter as leader and not a divider.

If a democrat was president , the republicans would be ecstatic at how they would be taking advantage of this crisis for their political and financial benefit.

Educated Archy
Educated Archy
3 years ago

Time to buy stock. By the summer this will all be gone.

This is a world gone mad.

Real reason
Real reason
3 years ago

DO NOT BUY YET !!!!

The market will be going down a lot more.

Buy high sell low
Buy high sell low
3 years ago

This frenzied selling during a panic shows a level of immaturity that was never shown before. It’s a shame that these idiots have so much money to lose in the first place. To think that these people vote as well, is enough to give a normal American agita.

Boroch
Boroch
3 years ago

Buy gold!