Shares of two major prison stocks dropped sharply late Thursday morning following a report the U.S. Justice Department will end the use of private prisons.
Corrections Corp. of America and GEO both plunged more than 40 percent in midday trade. Trading in both stocks was intermittently halted amid their decline Thursday.
14:55 The Daily 202: Monica Crowley losing White House job shows that the rules of politics still apply for Donald Trump13
06:13 Pound quivers near three-month low, stocks weak before May's Brexit stance speech15
12:43 Tillerson to call for Russia to be 'held accountable for its actions'19