Wall Street pauses trading after stocks sink

Trading on Wall Street was halted just moments into Thursday’s session after US stocks plunged further on the deepening economic pain from the coronavirus.

Trading was suspended after the S&P 500 dropped 7.0 per cent to 2,549.05, triggering an automatic 15-minute suspension.

The Dow Jones Industrial Average plunged 7.2 per cent to 21,856.91, while the tech-rich Nasdaq Composite Index tumbled 7.0 per cent to 7,393.25.