Economy 📍

Trading on the New York Stock Exchange was halted temporarily Monday after indexes plunged 7% in reaction to Saudi Arabia's shocking oil price cut. Trading later resumed and stock indexes recovered some of their losses.

The financial market chaos comes amid increasing worries that the coronavirus epidemic will plunge the global economy into recession.

In early trading, the Dow Jones Industrial Average was down more than 1,900 points — more than 19% off its February peak. Stocks also fell sharply in Asia and Europe.