Stock market live updates: Dow drops 1,600, S&P 500 down 6%, virus cases jump

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Stocks are halted for trading after the S&P 500 dropped 7%, kicking in the level one “circuit breaker.” – Stevens 

Natural gas is down 7% today, and is now trading at its lowest level since Sept. 20, 1995. – Francolla, Stevens

Around midday, the major averages were down sharply once again as Wall Street continued its volatile streak during the coronavirus crisis. The Dow Jones Industrial Average was down more than 1,300 points, or 6.3%. The S&P 500 and Nasdaq fell 6% and 5%, respectively. Those losses offset a sharp bounce from the previous session, which was sparked by hopes of massive fiscal stimulus. —Imbert

The iShares U.S. Aerospace & Defense ETF is down 41% in March, on pace for its worst month ever back to its inception in 2006. The index is led lower in part by Spirit Aerosystems, Boeing, TransDigm, all on pace for their worst months ever.

  • Spirit Aerosystems is down almost 68% this month, on pace for its worst month ever back to its IPO in 2006
  • Boeing is down over 62% this month, on pace for its worst month ever through 1972
  • TransDigm is down almost 57% this month, on pace for its worst month ever back to its IPO in 2006 — Francolla, Fitzgerald 

Source: https://www.cnbc.com/2020/03/18/stock-market-today-live.html

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