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.
Melania Trump debuts ‘Home Is Where The Heart Is’ as White House 2025 Christmas theme
Indiana GOP unveils draft of congressional map that carves up Indianapolis
Muslim Father and Sons Charged with Brutally Murdering Daughter for Her ‘Western’ Lifestyle
Playing God: Bill Gates Pushes Use of Sun-Dimming Technology at ‘Climate Tipping Point’
Appeals court finds Alina Habba unlawfully served as New Jersey prosecutor
NFL Coaching Legend Blasts Massive Issue He Saw While Watching Thanksgiving Games
Trump hit with setback as court rules Alina Habba unlawfully served as top federal prosecutor in New Jersey
Trump Admin Negotiators Make High-Stakes Visit to Russia After ‘Successful’ Ukraine Meeting
Reporter’s Notebook: Tennessee special election eyed as Trump referendum ahead of midterms
Trump invites families of two National Guard members shot in DC to White House, plans to honor soldiers
Trump offers to release his October MRI results, insists scan wasn’t of his brain
Foreign terror labels curb ISIS, but US radicals face fewer limits online, study finds
War Sec Pete Hegseth shares meme of children’s book character firing on narco terrorist drug boat
Slain National Guardsman Wanted to ‘Make a Difference’ During Trump Deployment, Felt the National Guard Should Do More
Trump Confirms US Stranglehold Over Venezuelan Airspace: ‘Closed in Its Entirety’
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.
