
S&P 500 drops 11%, extending losses after 15-minute trading halt
The S&P 500 dropped 11.4% while the Dow Jones Industrial Average fell 2,700 points, or 11.7%. The Nasdaq Composite traded 11.2% lower. Those losses put the major averages on track for their worst day since the “Black Monday” market crash of 1987. They also eclipsed the steep decline seen on Thursday.