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.
Noem names Charles Wall ICE deputy director following Sheahan resignation
WATCH: ICE takes down illegal alien who allegedly rammed law enforcement vehicles, nearly running over officer
As Trump Contemplates Invoking the Insurrection Act Against Minnesota, Washington’s Example as President Is Instructive
Florida teens buried alive in deadly sand tunnel collapse
Women’s sports on the line as Supreme Court wrestles with defining ‘sex’
Massachusetts town faces lawsuit for allowing criminal immigrant, sex offender to renew business license
Irony Alert: Pro-Illegal Immigration Minneapolis Mayor Says City Has Been ‘Invaded’ by ICE Agents Who Don’t Share Local ‘Values’
EXCLUSIVE: HUD launches civil rights probe into Minneapolis over race-based housing priorities
17 College Basketball Players Charged with Fixing Games
ICE Deputy Director Leaves Agency to Run for Congress in Ohio
Trump rolls out ‘Great Healthcare Plan,’ urges Congress to slash costs for Americans
Trump’s Greenland takeover would likely entail enormous price tag: report
FBI arrests suspect after federal courthouse in Minneapolis windows smashed
Stunning Footage: Minneapolis Rioters Break Into Federal Agent’s Vehicle, Steal Weapon and Ammunition
Alleged Charlie Kirk assassin Tyler Robinson’s lover Lance Twiggs no longer under FBI protection, source says
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.
