“U.S. stocks careened lower Monday, pushing major indexes closer to bear-market territory as a price war for oil and coronavirus fallout frightened investors,” the Wall Street Journal reports.
“The selling was heavy across markets and geographies, with investors seeking shelter in government bonds and sending Treasury yields to new lows. U.S. stocks fell hard enough after the open to trigger a 15-minute trading halt.”
“As of 4 p.m. Eastern time, the Dow sank 2,014 points, or 7.8%, its sharpest daily decline since 2008.”