The New York Stock Exchange temporarily halted trading shortly after the markets opened Monday morning.
Stocks plummeted Monday morning as fears related to the spread of the coronavirus disease 2019 (COVID-19).
The New York Stock Exchange temporarily halted trading shortly after the markets opened, trading down more than 1,800 points within five minutes of the open.
All three major stock indices have been battered in recent weeks as COVID-19 has spread worldwide and disrupted traditional supply chains.
Most healthcare companies have seen their stocks slide along with the rest of the market, though some telehealth companies have identified an opportunity to make an impact in the midst of the epidemic.
On February 24, the stock market experienced its largest one-day drop since early 2018.
Days later, the Dow Jones Industrial Average (DJIA) fell by 1,190 points, the largest single-day point drop in history.
Jack O'Brien is the Content Team Lead and Finance Editor at HealthLeaders, an HCPro brand.