Urgent: U.S. stocks plunge amid oil shock

U.S. stocks plunged in early trading on Monday with all three major indexes declining more than 7 percent amid anxieties for a possible all-out oil price war and economic slowdown from the spreading coronavirus.

The trading was halted for 15 minutes after the SP 500 declined by 7 percent, and resumed trading at 9:49 a.m. local time (1349 GMT).