ECONOMY   Exchange & Stocks  

Circuit breaker halts trading in S&P

Trading on the New York Stock Exchange has been halted temporarily for the second time in a week after the S&P fell 7%, according to news reports.

When the index falls by 7%, a so-called circuit breaker is triggered, in which trading is halted for 15 minutes.

The stoppage on Thursday morning came after a speech by President Donald Trump on Wednesday night did little to calm market worries about the economic damage from the coronavirus outbreak, which the World Health Organization is now calling a pandemic. Before stocks opened, the futures contracts for the major indices had fallen 5% to their limit-down levels, also resulting in a halt in trade.

As of Wednesday, the Dow Jones Industrial Average was down by slightly more than 20% from the record highs earlier this year, meaning the index had officially entered bear-market territory.

News No: 8691
Date: 2020/03/12 - 19:37
News Source:

Donald Trump  Trade  Stock Exchange  economic  Industrial 


Leave a Comment:


Newly-Elected MPs Pledge Efforts to Fulfill Production Surge Goals

A large group of winners of the recent parliamentary elections in Iran praised Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei for naming the new Iranian year the year of ‘surge in production’, and vowed to do their utmost to attain that goal.

Brent up 10pc as Trump talks deal

Crude futures rose by 10pc today after US president Donald Trump suggested that Saudi Arabia and Russia may be close to "a deal" to alleviate the oil price collapse.

Dahej LNG terminal utilisation rates set to slump

Utilisation rates at India's largest LNG receiving terminal, the 17.5mn t/yr Dahej facility, are expected to dip further next week after they fell below 50pc this week from around 70pc at the end of last week. Rates have fallen as gas consumption has taken a sharp hit following the Indian government's restrictions on business and industrial activity and road travel to halt the spread of the coronavirus.

US start trade investigation towards import of aluminium sheet from 18 countries

The U.S. International Trade Commission (ITC) has started a preliminary anti-dumping investigation in regards to the imports of common alloy aluminium sheet from 18 countries, including Germany, Oman, Bahrain, Serbia, Croatia, Romania, Turkey and Slovenia.

The “COVID-19” created economic fallout has led LALumina LLC in the US to call for shut down from May 24th

It has been a major development as the first biggest layoff warning call involving a production plant due to the COVID-19 epidemic. The management of the plant declared almost all of its 302 employees would be laid off.

Spain exempts large power consumers from total lockdown

Spain has exempted much of its metals, chemicals, cement and other large power-consuming industries from the halt in non-essential economic activity decreed in the country from 30 March, although they will still have to cut output.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners