More pain coming as Trump travel ban slaps down stock markets

Fri, 13 Mar 2020

Markets may tumble further today after Wall Street saw its worst day of trading in decades in the wake of US President Donald Trump’s ban on travel from Europe.The S&P 500 was down 7.5 percent at 8:10am in Wellington, while the Dow Jones Industrial Average dropped 7.9 percent and the Nasdaq fell 7.5 percent. European markets were down more than 12 percent overnight. Germany’s Dax, for example, was down 12.2 percent, and Britain's FTSE 100 dropped 10.9 percent, its worst decline since the 1987 crash. Trump imposed travel restricti...

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