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 Wants Congress to Save Hollywood from Going Bust – His Heart Might Be in The Right Place, But He’s Dead Wrong
DOJ sues Kansas school district over ‘secret gender transitions’ in first-of-its-kind lawsuit
Former president-turned-amateur artist George W. Bush debuting new paintings for 9/11 remembrance
Canadian Voters Double Down on Hostility Toward Trump, Hand Liberal Party Special Election Sweep
Republicans turn on House GOP lawmaker accused of late-night texts, lavish gifts to female staffers
Starmer steps down from Parliament to seek opportunities in ‘international affairs,’ with Greens eager to snatch his seat
Ex-Indiana deputy charged with felony for allegedly using Flock cameras to stalk girlfriend
House Democrats Panicking as Republicans Prepare to Make Them Go on the Record with Socialism Vote
Spanberger fact-checked after Trump mail-voting warning raises military ballot fears
Six Fascinating, Barely-Known Facts Proving America and Jews/Judaism Have Been Linked Since the Founding
Swimmer rushed to hospital after suspected shark attack at Martha’s Vineyard
Nicki Minaj to star in ‘Shark Tank’- style show for Trump administration
Illegal immigrant’s ‘over-the-top’ sexual assault on elderly woman sends sheriff into rage: ‘Out of control’
Another ActBlue leader pleads Fifth as House investigates alleged foreign donations
Video: Trump Can’t Hold Back After Reporter Asks If He Plans to Nuke a Militarily Defeated Iran: ‘Stupid’
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.
