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Stocks halted for trading after plunging 7%

U.S. stocks plunged Wednesday and were halted for trading as coronavirus lockdowns and travel restrictions expanded, rattling investors despite Washington’s promises for economic aid.

The Dow Jones industrial average dropped more than 1,600 points, while the Standard & Poor’s 500 sank 7%, triggering an automatic shock absorber for 15 minutes. That marked the fourth time in eight trading sessions that circuit breakers were triggered. 

Stocks had stabilized a day earlier after President Donald Trump promised aid to get the U.S. economy through the outbreak.

Global markets have seen a wave of unprecedented volatility in recent weeks as investors grapple with border closures that have caused transportation chaos and imperiled economies. The border between Canada and the U.S. will close for non-essential travel, Trump confirmed in a tweet Wednesday. 

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