Oil is continuing its deep dive this afternoon
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| | 3/09/2020 | |
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Steep Selloff Continues Despite Stock Market Circuit Breaker | By Laura McCandless | | After trading was halted for 15 minutes this morning to prevent a further plunge, the Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all down between 6% and 7% at midday, with the Dow falling over 2,000 points at its worst. Saudi Arabia cutting official crude selling prices for April and its subsequent price war is posing the largest threat for Wall Street today, all amidst the seemingly endless coronavirus headwinds. In response, the U.S. 10-year Treasury yield dropped below 0.5% for the first time ever. Continue reading for more on today's market, including:
- Twitter stock sinks despite billion-dollar backing.
- 2 cruise stocks getting crushed.
- Plus, one tanking toymaker; an oil stock bucking the broadmarket trend; and behind Apache stock's dramatic dip .
| >> Continue reading... | |
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