U.S. markets halted trading temporarily on Wednesday for the fourth time in two weeks as stocks continued to nosedive.
The S&P 500 fell more than 7% at mid-day, triggering an automatic circuit breaker to halt trading for 15 minutes.
The Dow Jones Industrial Average fell more than 1,600 points, or 7.8%, while the Nasdaq plummeted 6.3%.
The markets remained volatile while Washington grapples with a relief plan for the coronavirus pandemic. The losses on Wednesday more than erased all of Tuesday’s gains, after the administration proposed a $1 trillion economic rescue plan.
• Dave Boyer can be reached at dboyer@washingtontimes.com.
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