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.
Mystery stranger vanishes after family says frantic warning saved their lives during devastating house fire
WNBA Headache Gets Bigger: More Sophie Cunningham Rallies Scheduled
Nancy Guthrie update: DNA couldn’t be profiled from crime scene hair sample, sheriff says
GOP gubernatorial candidate fighting to flip blue state unveils healthcare plan to lower costs, expand access
WATCH: GOP holdout rejects Trump threat as AG nominee standoff explodes
Influencer accused of targeting wealthy dating app matches back behind bars
Total Fraud: Adam Schiff Demands AI Political Parodies Be Banned, Forgets He Lied About Trump and Called It Parody in 2019
Mamdani’s ‘this is only the beginning’ announcement cracking down on food delivery tips sparks outrage
Father who bought AR-15 for Georgia school shooter learns fate in first-of-its-kind conviction
Hamas agrees to complete disarmament under ‘historic’ Gaza agreement: Trump
Schiff-backed candidate abruptly ends gubernatorial campaign amid rumblings of a damaging report
Watch: Chuck Schumer Gets in Shouting Match with Heckler During News Conference
Fox News Poll: GOP divisions shape Texas Senate race
Trump Announces Plan to Replace Illegal Alien Truckers with American Veterans
‘The irony’: Ketanji Brown Jackson roasted after stressing impartiality on Michelle Obama’s podcast
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.
