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 promotes Freedom Haulers Initiative to fast-track military veterans into trucking jobs
Virginia university report finds officials did not disclose student’s terror conviction
Watch: Eagles Defensive Coordinator Repeatedly Mocks Fauci During News Conference
House panel demands classified briefings on noncitizen voting, alleged Chinese election interference
Georgia mother fights off alleged child snatcher with gas pump in surveillance video
Watch: Mamdani Is Open to Forcing New Yorkers to Pay Cash Reparations for Slavery, Says ‘We Were Very Complicit’
War powers resolution fails as Senate Republicans stand by Trump on Iran
Thousands of migrants bull-rush Spanish border, sparking ‘total humanitarian and social emergency’
Florida AG threatens Fauci investigation after Senate hearing
Alex Murdaugh murder trial ‘egg juror’ fights to unseal state investigation into Becky Hill: report
Bryan Kohberger appointed new lawyer after Idaho murders case costs taxpayers over $8 million
Fauci’s Testimony Reminds Us of Blatant Propaganda Americans Paid For: ‘This is Why We Defunded’ NPR, GOP Senator Says
Capitol sex scandals spark push to ban House lawmakers from sleeping with staffers
One of the Most Obnoxious Leftists Made Smug Fauci Prediction, Then Scrambled for Delete Key After Disastrous Hearing Began
We Have Receipts: Four Years Ago, Fauci Said ‘Nothing to Hide,’ ‘Very Happy to Testify’ Before Congress
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.
