Wall Street lands with oil losses and coronavirus outbreak

The three major US equity indices today recorded a sharp drop which caused trading to be halted due to the precautionary measures in place to avoid a repetition of the 1987 "Black Monday collapse" as the Dow fell more than 2,000 points.

The Standard & Poor's 500 Index declined its biggest one-day drop since December 2008 during the global financial crisis, and US 10-year 10-year Treasury bonds fell to a record low of 0.318%.

The Dow Jones Industrial Average fell 2017.64 points, 7.8% to 23847.14, the Standard & Poor's 500 Index fell 221.98 points, 7.47% to 2750.39, and the Nasdaq Composite Index fell 578.54 points, or 6.75%, to 7997.08 points.