New York Stock Market Three Stock Index 9 Day Crash Triggered Market Melting Mechanism To Stop For 15 Minutes

In March 9th, the European stock market and the US stock market were both hit by the crude oil price war and the global spread of the new crown disease. The Dow Jones Industrial Average fell more than 2000 points after the end of the trading day, the biggest decline since the financial crisis in 2008.

　　 New York stock market three stock index 9 day crash triggered market melting mechanism to stop for 15 minutes

Shortly after the opening day, the standard & Poor's 500 index fell sharply by more than 7%, triggering market disruption for 15 minutes. At 9:48 in the morning, the market narrowed down, but the three big indexes began to turn downward after noon. In the end, the Dow Jones industrial average, the S & P 500 index and the Nasdaq composite index fell by more than 7%.

　　 Europe's three largest index fell sharply on 9

The 9 day European stock market also plummeted. At the close, the FTSE 100 index of the London stock market fell 7.69%, while the CAC40 index of the Paris stock market in France dropped by 8.39%; the DAX index of the German stock market in Frankfurt dropped by 7.94%.

Us 10 year Treasury yields break new low

As investors seek other hedge investments, the yield of us 10 - year treasury bonds has dropped to 0.5% below the historical low again, and the yield of 30 - year treasury bonds has fallen below 1% for the first time.

Saudi Arabia and US Russia "fighting" international oil prices plunged 9 days

Analysts believe that the price war between Saudi Arabia and Russia on crude oil prices led to a sharp drop in oil prices, causing panic in the market. In addition, the spread of the new coronavirus epidemic has exacerbated global investors' concerns about the economic outlook, which has led to huge turbulence in the global capital market.

Some analysts believe that falling crude oil prices or more far-reaching impact on the stock market, because if crude oil prices continue to decline, the market rebound will be very limited.

As of the end of the day, the New York Mercantile Exchange delivered light crude oil futures in April, down 10.15 U.S. dollars, closing at $31.13 a barrel, or 24.59%. Brent crude oil futures for May delivery fell 10.91 US dollars to close at $34.36 a barrel, or 24.10%.

Financial commentator Chen Yijia: the market expects the US Federal Reserve to further cut interest rates.

Financial commentator Chen Yijia said that the new crown epidemic is spreading further worldwide, and the market is worried whether it will cause the global economy to enter the doldrums. The VIX index, known as the panic index on Monday, has risen by nearly 30%. In addition, US Treasury bonds and gold prices rose further. The market is keeping a close eye on what changes in monetary policy will take place. It is possible to see that the Federal Reserve will further cut interest rates to nearly 0 in the next one or two months.