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Now it’s US’ turn: Dow drops 7% at open after day of markets falling worldwide Now it’s America's turn: Dow opens 7% down after day of markets falling worldwide
(about 4 hours later)
The US markets are following their Asian and European counterparts into a deep plunge. Shares of oil producers have dropped by double digits after opening amid a 30 percent fall in crude price.The US markets are following their Asian and European counterparts into a deep plunge. Shares of oil producers have dropped by double digits after opening amid a 30 percent fall in crude price.
Dow Jones slid by almost 1,900 points, or 7.29 percent, prompting a 15 minute pause in trading on the New York Stock Exchange.Dow Jones slid by almost 1,900 points, or 7.29 percent, prompting a 15 minute pause in trading on the New York Stock Exchange.
The stock prices of Exxon Mobil and Chevron dropped by over 14 percent.The stock prices of Exxon Mobil and Chevron dropped by over 14 percent.
S&P 500 and Nasdaq plunged by over 7 percent on Monday too.S&P 500 and Nasdaq plunged by over 7 percent on Monday too.
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