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.
Trump announces ‘rally to end all rallies’ in DC to celebrate America’s 250th anniversary
AOC dodges questions on abuse allegations, Nazi tattoo claims rocking Platner’s campaign
CA City Puts up Cameras in 18 Locations, Catches Citizens Breaking the Law 151,000 Times in Just 1 Month
Watch: Trump Sets the Record Straight on His Explosive Conversation with Netanyahu
‘He hated women’: Explosive abuse, new Nazi tattoo allegations from exes rock Platner’s campaign
‘I Would Rape Them to Show Them I’m Dominant’ – Graham Platner’s Campaign Won’t Dispute Shocking Quote in NYT Report
Israel-Lebanon ceasefire could undermine Hezbollah and Iran with state-to-state cooperation
Hunter Biden could mount a successful White House bid given recent Democrat picks: Trump
BREAKING: NYT Drops Graham Platner Domestic Violence Bombshell Report – Scared, Left Marks, Wrenched Arms, According to Ex-Girlfriend
Woman’s body washes ashore in Florida as investigators dig into beach discovery
Shelter-in-place order issued in Chicago suburb as police hunt suspect after reported shooting
Trump Upbraids 4 Republicans Who Sided with Dems on Iran War Powers Resolution Vote During Peace Negotiations
Bessent spars with Dem in fiery Trump tax showdown until claim crosses the line: ‘Slanderous’
SEE IT: Lavish $35M mansion bought by tech CEO accused of feeding US gear to Iran’s nuclear machine
Famous YouTuber Doesn’t Get the Response He Hoped for After Explaining Why He Murdered His Unborn Child
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.
