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.
Academics and CEOs dominate Fed advisory boards
28 for ’28: The open presidential race field could reach more than two dozen candidates
Nolan’s ‘The Odyssey’ is clumsy, anachronistic, and badly acted
China’s routing of Biden in chip war with US created a communist tech giant
Witnesses recount ‘scary’ NYC stabbing after suspect allegedly yelled ‘Allahu Akbar’ during attacks
Multiple injured after floatplane makes emergency landing, catches fire off Washington coast
California mayor’s hot mic catches candid exchange after audience sends meeting off rails
Never Forget Dems Supported Large-Scale Deportations Until Trump Took Up the Issue – Just Listen to What Obama Said in 2014
Massachusetts Democratic Party chairman admits to sufficient facts in June drunken driving case
Rubio unveils visa restrictions targeting cybercrime networks
House Democrats Furious at Their Own Campaign Arm Over Expensive Primary Blunder
Ex-Dem Legislator Arrested Over Child Porn, But It’s 7 Words from FBI Investigator That Will Make You Sick to Your Stomach
Hunter Biden Blasts CNN’s Jake Tapper as a ‘Poor Journalist’ and a Terrible Person in NSFW Comments
Dem’s stunning ideal standard for immigration detention conditions resurfaces amid Texas senate bid
Lauren Boebert Says She Missed Key House Vote Because She Was Misinformed by GOP Staffers
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.
