Stock Market Trading Is Halted After Dow Falls 2,200 Points

Stock Market Trading Is Halted After Dow Falls 2,200 Points

Stock Market Trading Is Halted After Dow Falls 2,200 Points At opening, the S&P 500 also fell by nearly eight percent.

Nasdaq fell by close to six percent.

The plunge follows the Fed's interest rate slash down to near-zero.

It's likely the move by the Federal Reserve was seen as a desperate act to stabilize markets.

Kit Juckes, Societe Generale, via NBC News Analysts also indicate that the move addresses just a small part of the current financial challenges.

Greg McBride, Bankrate.

Com, via NBC News