Dow dives 2,000 points on oil price war and coronavirus

Circuit breaker triggered on worst day since 2008 crisis after S&P 500 falls 7%

An oil price war between Saudi Arabia and Russia has rattled global markets. © Reuters

ALEX FANG and YUKO NOMURA, Nikkei staff writers

March 9, 2020 22:34 JST

Updated on March 10, 2020 05:05 JST

NEW YORK -- U.S. stocks were hit with their worst one-day loss since the 2008 financial crisis on Monday, with the Dow diving over 2,000 points as crashing oil prices added to global fears over the new coronavirus.

The rapid sell-off triggered a market "circuit breaker" minutes after the opening, halting trading for 15 minutes after a 7.6% decline in the S&P 500.