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.
Massachusetts city imposes curfew ahead of historic World Cup match
Fitness influencer pleads guilty in violent gym attack after beating man with weightlifting belt
One Day After Cancelling July 4 Fireworks, Buffalo, NY, Celebrates Somali Independence Day
‘Young Washington’ Delivers Revolutionary Hit for Angel Studios Honoring America’s 250th Birthday
Ex-Obama advisor mocked after questioning Chicago’s response to unconscious man: ‘Own a mirror?’
Secret Service missed ‘multiple opportunities’ to prevent Trump assassination attempt: watchdog
Watch: Young Americans Turn National Mall Into Wild Celebration of Patriotism as US Scores Big World Cup Win
Before 1776: Rediscovering America’s first chapter at Jamestown
Watch: Pete Hegseth Skewers ‘Blinded by Ideology’ Protesters Who Interrupted Moment of Silence for Fallen Soldier
Sanctuary county refused 615 ICE transfer requests, turned over just 11 illegal immigrants, records show
Secret Service debuts new badge for all personnel: ‘Represents unity’
Thunderbirds to race cars: Inside Horsepower of America at the Great American State Fair
Video shows moments before Army veteran was fatally shot in Walmart parking lot dispute
WWII pilot missing after secret spy mission finally accounted for more than 80 years later
Letitia James hammered after NY Medicaid fraud unit funding frozen over ineffective enforcement
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.
