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.
TikTok couple charged with arson after house fire causes $10K in damage
NBA Champion New York Knicks Still Deciding Whether to Visit Trump White House
Suspect arrested after alleged plot to attack Texas Capitol: officials
Watch: WNBA MVP Loses Her Cool While Getting Crushed by Caitlin Clark, Goes Into Stands to Confront Fan
San Francisco Burglar Picks the Wrong House, Takes a Bullet in the Backside from Vietnam Vet
Supreme Court Stiff-Arms Biden-Appointed Judge, Allows Trump Admin to Resume Third-Country Deportations
ICE arrests illegal alien accused of sexually assaulting children after Fairfax County release: DHS
‘We beat Disney, Fauci, Soros’: Ron DeSantis unleashes ‘Florida model’ in hard-hitting midterm rally
Watch: Radar Track Video Shows Hijacked Plane to Israel Plummeted as Middle Eastern Pilot Hijacked Plane
White House Releases 4-Point AI Accord Signed by Trump and Industry Leaders
Mamdani’s taxpayer-funded influencer army accused of plotting pressure campaign against NYC CEOs
Biden Afghan migrant program hit with 40% vetting failure rate: ‘Alarming’
Fox News Poll: Michigan voters split between El-Sayed and Rogers
Pentagon data breach exposes Social Security numbers, personal info of 2.76M US military, civilian personnel
South Carolina mom accused of knife attack on young children; 6-year-old may lose arm: sheriff’s office
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.
