The stock market rout last week over fears the coronavirus could trigger a reces...
NEW YORK - The stock market rout last week over fears the coronavirus could trigger a recession was the worst since the 2008 financial crisis, but market experts said on Monday trade was mostly orderly thanks to a robust market infrastructure.
On the retail side, TD Ameritrade said trading volume last week by its 11 million clients was 1.5 times higher than earlier in February, with above-normal activity registered on both the buying and selling sides. He said he did not notice any major flash crash-type price spikes or major discrepancies between exchange-traded fund prices and the prices of their underlying constituents.
And Robinhood, the free trading app popular with young investors, experienced a system-wide outage on Monday as stock prices rebounded, according to CNBC.
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