Markets plunge 7 percent, triggering second trade pause this week

stocks down 7.
(Image credit: BRYAN R. SMITH/AFP via Getty Images)

The Dow Jones Industrial Average plummeted nearly 1,700 points on Thursday following President Trump's announcement that travel from Europe will be suspended amid the global coronavirus outbreak.

The S&P 500 and Nasdaq Composite also sank 7 percent, triggering a "circuit breaker" to pause all trade at the New York Stock Exchange. The pause was also triggered on Monday for the first time since 2008 during the financial crisis.

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