Trading halted as markets plummet on coronavirus fears and oil price uncertainty

The coronavirus outbreak and plunging oil prices sent markets reeling Monday.
Stock trading was halted for 15 minutes Monday after the S&P 500 plummeted more than 7% at the open.

The Dow Jones Industrial Average plunged more than 1,800 points, or more than 7%, over fears of global economic fallout amid the coronavirus outbreak and uncertainty over falling oil prices.

After OPEC talks fizzled over the weekend, Saudi Arabia slashed oil prices, triggering a price war and sending U.S. crude oil prices plunging by more than 25%.

Meanwhile, the yield on the 10-year Treasury note dropped to an unprecedented low of 0.408%, a possible signal that investors are expecting a recession.

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Americans Should prepare for lockdown!
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