The US Stock Market Opened Up And The NASDAQ Index Fell 7.18%.

US local time on March 9th, affected by bad news such as the global spread of new crown pneumonia and the collapse of oil prices, U.S. stocks fell sharply after opening Monday: the Dow Jones index fell 6.91%, the S & P 500 index fell 6.62%, and the NASDAQ index also fell 7.18%.

However, after the opening of the stock market, the US stocks did not stop falling, but the decline continued to expand. The S & P 500 index dropped 7%, triggering the first level of fusing mechanism (when the stock index volatility reached the prescribed melting point, the exchange to take measures to control the risk of trading pause), thus being forced to suspend trading for 15 minutes. This is the second time in the history of the US stock market that triggered the fusing mechanism since October 1997. If the stock price continues to fall more than 13% after that, it will trigger a second layer fusing mechanism, and the transaction will be suspended for another 15 minutes. If the fall has not stopped, leading to a drop of more than 20%, today's trading will be completely stopped.

Recently, with the spread of new crown pneumonia in more than 100 countries around the world except China, the global stock market is generally under pressure. In the past Sunday, OPEC and OPEC members failed to agree on oil production cuts. Saudi Arabia, the main OPEC member, lowered oil prices and launched a price war, which caused international crude oil prices to tumbled by more than 30%. Such a drop in oil prices is the first time since the Gulf War.

The share price of major sports companies and sports companies in the stock market also suffered cliff breaking. In the 30 minutes after opening, Nike (NKE) had the biggest drop of 8.33%, while Andemar (UA) dropped by 13.91%, while Skech (SKX) dropped by 7.72%, and Lululemon (LULU) dropped by 10.83%. Wanda sports (WSG), one of the few sports companies in China, has fallen by 10.75%, and is still on the decline.

Other media listed companies including sports and entertainment businesses are also not optimistic: Kang Custer, WWE and other companies directly suspended after opening, while ESPN's parent company Disney (-6.09%) and New York Nicks's parent company Madison Garden (-9.77%) and other companies also suffered setbacks.