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.
Luigi Mangione update: Suspected murder weapon admissible at trial in state case, other evidence suppressed
11 National Park Service workers evacuated by helicopter amid California fire
How Chinese EVs Coming from Canada May Impact US National Security
Scandal-Ridden Hospital to Open First US ‘Detransition’ Clinic in Historic Legal Settlement
‘Backyard brawl’ ignites as West Virginia’s Morrisey moves to poach blue state rival Spanberger’s jobs
Cassidy primary defeat is a ‘loss for the country,’ Romney says
Josh Shapiro tests political clout in Pennsylvania primary
Arkansas man allegedly threatened Walmart mass shooting over hantavirus lockdown fears, authorities say
Austin police arrest 2 juveniles allegedly linked to 12 random shootings injuring 4 people
Trump reads Bible as thousands pack National Mall for America 250 prayer rally
Attorney for man accused of throwing rock at endangered Hawaiian monk seal says client was protecting turtles
Faith and government leaders celebrate US as ‘One Nation Under God’ at Rededicate 250
Sean Spicer-linked group makes case for Trump to seniors before midterm elections
Two Navy jets crash midair as crew successfully ejects during Idaho military base air show
Blue State May Have Slipped Up While Defending Its Ammo Ban
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.
