NEW YORK (AP) – Stocks plunged 7% on Wall Street Monday, triggering a trading halt for 15 minutes. The steep drop followed similar falls in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus. Indexes in London and Frankfurt dropped by more than 7%. The benchmark for Italy, where the industrial and financial heartland was put in lockdown, fell 11%. Oil prices are down about 20%, deepening a rout that began when Saudi Arabia, Russia and other producers failed to agree on cutting output. Bond yields sank to new lows.
- Gov. Desantis tours Pensacola and talks gas shortage, power restoration and Three Mile Bridge damage
- Satsuma residents compare damage on Bayou Avenue to Hurricane Katrina
- Lots of cleanup as floodwaters begin to recede along Styx, Fish rivers
- Sen. Broxson: Repairs to Three Mile Bridge could take up to 60 days
- Food distribution sites in Pensacola area