For some time after the crash, trading in stock exchanges worldwide was halted, because the trade computers did not perform properly owing to enormous amount of trades being acquired at one time. This halt in buying and selling allowed the Federal Reserve System and central banks of other international locations to take measures to control the spreading of worldwide monetary disaster. In the United States the SEC launched a number of new measures of management into the stock market in an try to stop a re-occurrence of the events of Black Monday.
Business live Stock markets slide after flurry of poor information – because it occurred
Oil costs rose by 1%, while the yields on 10-year and 30-year U.S. Treasury securities fell to 1.fifty four% and a couple of.02% (with a part of the yield curve inverting as the ten-year yield fell beneath the 3-month yield at 1.56%). On eleven …