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.
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
Satanic: Muslim Pedophiles Told UK Girls That Being Raped Would Take Away Their Sins
Fox News True Crime Newsletter: Gilgo sentencing, a warning from ‘Happy Face,’ Mangione psychs himself out
Washington hosts relatively muted Juneteenth compared to America 250 events
Watch: Trump Physically Supports Marine Maj. James Capers, 88, Before Awarding the Unkillable Vietnam Vet the Congressional Medal of Honor
Reporter’s Notebook: How Trump’s surprise move on DNI confirmation upended key Senate deal on FISA
DOJ warns former red state is becoming the next California as governor embraces ICE limits
Trump-Meloni spat grows over claim Italian PM ‘begged’ for photo: ‘astonished’
SEE IT: Dem senator downplays security threat of illegal immigration after White House terror plot
Gilgo Beach serial killer’s ex-wife says he ‘got what he deserved’ after he gets max sentence for 8 murders
Breaking: US Brokers Lebanon Ceasefire After Escalation Derails Peace Talks with Iran
UK’s Prime Minister Directed 13,000 Suspected Pedophiles Get Warning Letters Instead of Prosecution, According to Rape Gang Report
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.
