Grand Valley State University Expert Discusses Impact of Trading Halt on Wall Street, What It Means for Economy
March 10, 2020
March 10, 2020
ALLENDALE, Michigan, March 10 -- Grand Valley State University issued the following news:
There was a 15-minute trading halt on Wall Street March 9 after the market plummeted by more than 2,000 points in a situation sparked, in part, by fears about the spread of COVID-19 (coronavirus).
Paul Isely, associate dean and professor of economics, said trading halts are designed to prevent panic selling.
"The longer you have uncertainty, the more the angst ab . . .
There was a 15-minute trading halt on Wall Street March 9 after the market plummeted by more than 2,000 points in a situation sparked, in part, by fears about the spread of COVID-19 (coronavirus).
Paul Isely, associate dean and professor of economics, said trading halts are designed to prevent panic selling.
"The longer you have uncertainty, the more the angst ab . . .