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.
Russian researcher who studied plague died of mysterious illness: What to know
WATCH: Hasan Piker Reminds James Talarico About His Liberal Puppet Masters: ‘He’s Got to Play Ball’
Arizona State cheerleader charged after confrontation with police caught on viral video
Coast Guard Issues Sad Announcement on Search for Downed Medical Plane Near Nantucket
Catholic schools, banned rifles and ‘climate lawfare’: Blockbuster fights await Supreme Court
California realtor accused of spying for China caught at LAX and more top headlines
Green New Deal Lovers Beware: Senate Deal Would Cut the Six-Year Stall on Pipelines and Gas Plants to 150 Days
WATCH: GOP senators skeptical of Bill Gates’ ‘fearmongering’ AI warning as Dems sound alarm
Meet the AI doomsday death cult connected to a cross-country killing spree
Democrat, Leftist Ties to Suspected Serial Killer, Violent Pornographer Emerge as House of Horrors Case Grows
From doubted to dominant: Fox News turns 30 and looks to the future
Wall Street has a new rival, and it’s deep in the heart of this southern state
AI is supercharging political ad wars. But viral doesn’t mean victorious
Shark bites fisherman twice during kayaking encounter along California beach
Mass shooting at Georgia block party leaves 2 dead, 35 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.
