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.
Texas think tank accuses Houston parent coalition of using ‘socialist’ tactics to push radical agenda
‘SNL’ writer’s missing sister case leads homicide detectives to Joshua Tree months after family’s murder claim
Breaking: Trump Offers White House Press Secretary Job to Conservative Commentator and Former DHS Official Katie Zacharia
Watch: Walter Payton’s Son Gets Emotional as He Learns of Mike Ditka’s Death During Live Broadcast
Katie Zacharia offered role as White House Press Secretary
Marco Rubio announces sweeping financial sanctions against the International Criminal Court
Netanyahu leads outcry over ICC judge who declared genocide in Gaza being awarded Nobel Peace Prize
Denver, Boulder ignored ICE detainers for migrants with child abuse, assault arrests, House GOP report reveals
Radical anti-Trump language riddles California voter guide on high-stakes ballot measure
Breaking: Legendary NFL Coach Mike Ditka Dies at 86
Breaking: Turbulence Forces NYC-Bound Plane to Land, 8 Hospitalized
Kohberger prosecutors say no as Idaho killer tries to boot judge who called him a ‘faceless coward’
Op-Ed from Iranian Kurd: Handing Iraqi Kurdistan to Tehran Would Be a Big Mistake
Jim Jordan Sums Up Progressive Platform in Scathing Takedown: ‘The Left Hates 2 Countries – America and Israel’
Severe turbulence diverts New York City flight to Miami, 8 injured
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.
