Stocks in the U.S. fell sharply after the opening bell, triggering a 15 minute trading halt, and then continued to fall further.
The S&P 500 fell past the 7 percent threshold within minutes of the stock market’s open on Monday, triggering the automatic halt on trading. When trading resumed, stocks continued to head lower.
As of around 10 a.m., the S&P 500 was down 9.9 percent. The Dow Jones Industrial Average had fallen 10.3 percent. The Nasdaq Composite was off by 9.4 percent.
‘I Am a Ruined Man’ – Japanese World Cup Tourist Gets Trapped in Hilarious Cycle – Won’t Say No to a Gift, So Free ‘Gift’ Chips Won’t Stop Coming at Mexican Restaurant
Trump honors Village People and ‘Y.M.C.A.’ singer Victor Willis after death announcement
‘Experts’ Stumped About How Trump Proved Them Wrong on Oil Prices: ‘It’s the Weirdest Thing’
Trump faces ‘worst-case scenario’ on birthright citizenship after Supreme Court shuts door on executive, legislative fixes
Harris-backed Democrat scrubs BLM-era posts as House campaign heats up
America’s favorite beers — and the jobs tied to them — are at the center of a brewing trade fight
1,000 days after Oct. 7, Israel’s military successes come at the cost of global isolation
Florida toddler dies after father realizes child was left in SUV during daycare pickup
Thousands of beer cans spill across Connecticut highway after tractor-trailer overturns
Socialism goes west as DSA-backed challenger ousts longtime Democrat
DOJ says 11 migrants indicted in multi-state sex trafficking, drug, firearms case
Anti-Trump senator defeated by far-left rival after heated gubernatorial primary
Ex-talk show host will take on former chief advisor to Kamala Harris’ husband
Mamdani comparisons follow Colorado Democrat into pivotal House race after primary win
Detroit City Council narrowly votes to renew ShotSpotter gunshot detection contract despite opposition
Treasuries rallied, pushing down bond yields. The yield on the benchmark 10-year Treasury note fell to 0.791 percent.
A further decline could trigger another halt. A Level 1 halt, triggered four-minutes after the open Monday, occurs when the S&P 500 drops by 7 percent before 3:25 p.m. Trading is halted for 15 minutes.
A Level 2 halt, which halts trading for an additional 15 minutes, is triggered if stocks fall by an additional 6 percent, a 13 percent overall decline, from the prior close before 3:25 p.m.
A 20 percent decline triggers a Level 3 halt, which stops trading for the remainder of the day.
Story cited here.
