Wall Street opens with a crash and temporarily suspend the price when touching the S&P the maximum fall allowed

• Direct Coronavirus, last minute
• Black Monday: Falls in oil join fear of the coronavirus and knock everyone's bags down

The New York Stock Exchange has suspended the operations of buying and selling of shares for the first time since December 2008 due to the collapse of prices. The last time the measure had been put into practice had been in December 2008, in the collapse of the US junk mortgages. The automatic suspension of contributions was established in 1987, after the October crash of that year.

The cancellation of the trading took place after the market had fallen 7% at the opening due to the collapse of the price of oil, ultimately triggered by the coronavirus.

The main stock indexes in the United States have registered falls of more than 7% after the bell rings, thus following the downward streak that had previously been observed in European parks due to the continued advance of the coronavirus and the collapse of crude oil prices.

Specifically, the Dow Jones Industrials index recorded a contraction of 7.17% a few minutes after the opening of the markets, reaching 24,009 points.

On the other hand, the S&P 500 registered a 7.18% drop, reaching 2,759 integers, while the Nasdaq 100 dropped to 7,920 points, 7.38% less.

The session has had to be interrupted for 15 minutes after exceeding the maximum allowed fall.

Wall Street reacted like this on a day marked by the oil war and the economic impact of the coronavirus. The price of a barrel of Brent crude, of reference for Europe, came to fall 31% on Monday to quote slightly above $ 31, at a minimum since the end of 2016, after Saudi Arabia responded to Russia's refusal to join the OPEC production cut with the announcement of an increase in oil pumping and a reduction in crude oil prices marketed by Aramco.

Meanwhile, most stock indices in Europe experienced declines of over 8%. Specifically, the Ibex 35 stood at 7,634 points, 8.8% less, while Frankfurt fell 8.42% (10,570.44 points), Paris fell 8.6% (4,696.41 integers) and Milan collapsed 11.92% (1,795 points).

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