The averages plunged 7% to begin the day, setting
off a 15-minute circuit breaker. About 10 minutes after re-opening, the
Dow, S&P, and Nasdaq are down about 6%.
Oil is lower by 20.1% to $32.75. Gold is up only 0.45% to $1,680.
The 10-year Treasury yield is down 28 basis points to 0.49%.
Checking oilfield names, they’re trading as if
black gold will no longer be necessary for the modern existence the
globe has gotten used to. Schlumberger, Halliburton, and Marathon Oil –
to name three – are all down in the area of 40%.
https://seekingalpha.com/news/3549751-modest-bounce-stocks-come-off-trading-halt
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