{"id":341212,"date":"2020-03-11T10:37:21","date_gmt":"2020-03-11T05:07:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341212"},"modified":"2020-03-11T10:55:19","modified_gmt":"2020-03-11T05:25:19","slug":"dow-jones-slumps-2000-points-after-coronavirus-shock-oil-price-crash","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/dow-jones-slumps-2000-points-after-coronavirus-shock-oil-price-crash\/","title":{"rendered":"Dow Jones slumps 2,000 points after coronavirus shock, oil price crash"},"content":{"rendered":"<p>Wall Street&#8217;s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession. <\/p>\n<p>Trading on US stock exchanges was halted immediately after opening, as the benchmark S&amp;P 500 fell 7% to its lowest since June 2019, triggering an automatic 15-minute cutout put in place after the 2008-2009 financial crisis. <\/p>\n<p>The energy index slumped 15.3% to its lowest level since August 2004 and crude prices were on track for their worst day in three decades as Saudi Arabia moved to significantly raise oil production after OPEC&#8217;s supply cut agreement with Russia collapsed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street&#8217;s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession. Trading on US stock exchanges was halted immediately after opening, as the benchmark S&amp;P 500 fell 7% to its lowest since June 2019, triggering an automatic 15-minute cutout put in place after the 2008-2009 financial crisis. The energy index slumped 15.3% to its lowest level since August 2004 and crude prices were on track for their worst day in three decades as Saudi Arabia [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-341212","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341212"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341212\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}