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.
Former ESPN and NBC Sideline Reporter Michele Tafoya Triumphs in GOP Senate Primary
‘No better group’: Veteran says special ops should get same concealed carry permit as retired cops
Ex-New Jersey mayor, her husband charged for using fake ballot signatures after she pleaded guilty to DUI
Kansas Democratic governor nominee suggested Jesus could have been transgender
Heroic Florida K-9 returns to sheriff’s office days after being shot protecting 3 deputies, losing leg
STATE OF PLAY: Highly watched Hong race remains too close to call as progressives notch key primary wins
Five teen friends killed after vehicle plunges down Colorado cliff, leaving community shattered
Ilhan Omar on track for fifth term as Minnesota voters maintain far-left streak
Schumer dealt another blow as progressive insurgency scores win in key Senate battle
Trump-backed Mike Lindell falls to Lisa Demuth in Minnesota governor primary
Minnesota House speaker Lisa Demuth wins GOP gubernatorial primary to replace Tim Walz in November
4-year-old dies after suffering electrical shock from clothes dryer inside Kansas home
Trump’s ‘firewall’ against socialism in battleground state punches ticket to election
Pure Evil: 3 Charged in Water, Burning Torture and Murder of Boy, 7 – Multiple Suspects Are Trans
Watch: Rules Confusion Leads to 16-Minute Delay in MLB Game as Red Sox Accidentally Score a Run
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.
