The frenzied rise of GameStop’s share price baffled Wall Street and panicked the US Treasury. What does the GameStop story reveal about American stockmarkets?
Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts
Monday, February 1, 2021
Monday, March 16, 2020
Coronavirus update: Stocks plunge globally | DW News
Thursday, March 12, 2020
Trading halted on Wall Street after stock plunge triggers 'circuit breaker'
It was the second time on Thursday that trading was temporarily suspended.
By Lucy Bayly
The Dow Jones Industrial Average fell by 1,700 points Thursday morning after President Donald Trump’s long-awaited response to the coronavirus epidemic triggered a massive sell-off on Wall Street.
The S&P 500 plunged by 7 percent, triggering a circuit breaker, which halts all trading on the New York Stock Exchange for 15 minutes.
All three major averages sank after Trump’s Oval Office address Wednesday night failed to satisfy traders who were hoping for more concrete steps to reduce any economic slowdown from the viral outbreak.
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