Oil, gas and mining

Coronavirus fear and plunging oil price send stock markets reeling

Stock trading was halted for 15 minutes on Monday morning after the S&P 500 plummeted more than 7%. READ MORE:

U.S. financial markets plunged as trading began on Monday — enough to trigger a temporary halt to trading — amid fears over the economic fallout of the coronavirus outbreak and uncertainty over falling oil prices.

Stock trading was halted for 15 minutes on Monday after the S&P 500 plummeted more than 7% in the first minutes of trading. The halt was caused by an automatic circuit breaker safety mechanism that kicked in to prevent a free fall amid the sell-off.

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