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.
Sen. Chuck Schumer Defends Democrats’ Decision to Sit During SOTU, After Trump Invited Them to Stand if They Support Americans Over Illegals
Ohio courtroom devolves into chaos after sentencing in death of teen
Fact-checkers challenge Trump’s ‘eight wars’ claim, back him on crime
Democrats’ big misfire at State of the Union has GOP strategists salivating: ‘Huge moment’
Child predator dubbed ‘monster parents fear most’ cleared for release through California parole program
Trump calls for ‘deranged’ Rashida Tlaib and Ilhan Omar to be ‘institutionalized’ after State of the Union
Border-State Sen. Mark Kelly is Feeling the Heat After Refusing to Stand for American Citizens Over Illegals
Takeaways from the intense hearing with Trump surgeon general nominee Casey Means
Dem rising star’s SOTU rebuttal ripped by conservatives: ‘Anyone who claims she is a “moderate” is a liar’
Trump’s former Ukraine envoy criticizes US abstention on UN peace vote
WATCH: Fiery Brit Squares Up to Muslim and Savages Islamism to His Face – “Every Inch of This Land Is Mine”
CNN Poll: Majority of Viewers Felt More Optimistic About America’s Future After Watching Trump’s Speech
Trump Excoriates Democrats for Supporting Child Mutilation During SOTU Speech: ‘These People Are Crazy’
Dem Protests to SOTU: Bad Singing, Radical Giraffe Furries, Fake Tears, Pro-Trump Crashers, and Almost Zero Audience
Voters react as Trump calls Dems ‘crazy’ for not applauding ban on secret teen gender transitions
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.
