World stocks plunge into bear market on U.S. travel curbs, ECB move

World stocks plunge into bear market on U.S. travel curbs, ECB move

Federal Reserve the week, a sign the Fed is taking drastic steps to inject more liquidity into the banking system as markets show signs of stress.. The U.S. dollar rose indiscriminately, in another sign of market stress.. Oil prices sank further, while traditional safe-haven assets like gold and the Japanese yen lost value against the dollar.. Trading was halted for 15 minutes shortly after the open in New York after the benchmark S&P 500 stock index tumbled more than 7%.. In a televised address that also included support measures for the economy, U.S.. The VIX volatility index - Wall Street's "fear gauge" - and an equivalent measure of volatility for the Euro Stoxx 50 .V2TX hit their highest since the 2008 financial crisis.. The Japanese yen weakened 0.61% versus the greenback at 105.21 per dollar, while Sterling GBP= was last trading at $1.2619, down 1.57% on the day..