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.
AG Todd Blanche Now Among Trump Officials Living on Military Base for Safety: Report
AG Todd Blanche Now Among Trump Officials Living on Military Base for Safety: Report
It Wouldn’t Be a ‘Climate Change’ Conference Without Tons of Private Jets There, and the UN’s COP31 Certainly Delivered
It Wouldn’t Be a ‘Climate Change’ Conference Without Tons of Private Jets There, and the UN’s COP31 Certainly Delivered
Texas Democrats put DEI back on agenda after sweeping to power
Texas Democrats put DEI back on agenda after sweeping to power
Suspect ‘barricaded’ after multiple injured in shooting near DC fitness center, police say
One killed, four injured in Logan Circle shooting before gunman barricades himself in apartment and turns gun on himself
Dem rep blames ‘horrific’ traffic for missing Hegseth impeachment vote: ‘I am so sorry’
Dem rep blames ‘horrific’ traffic for missing Hegseth impeachment vote: ‘I am so sorry’
Who is Scott Colom, and how did his viral ads help secure Mississippi Senate stunner?
Trump threatens to double tariffs on Mexico if migrant caravans not stopped
Peltola campaign loses in court on rejected absentee ballots as she maintains narrow lead
Jim Jordan predicts who Dems will quickly go after in Trump admin once they take power and more top headlines
‘China is not our enemy’: Inside the DSA’s foreign travel now in Florida’s crosshairs
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.
