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.
Mamdani’s openness to campaigning with Hochul shows how far they’ve come
DOJ threatens California with lawsuit over ‘unbroken pattern’ of sexual abuse in women’s prisons
Slain NJ mom Brooke Hanlon’s family backs investigators two months after her stabbing death
Postpartum mom Lindsay Clancy on trial for murder brings court to a halt with sudden breakdown
Trump State Department Axes Biden-Era Initiative That Sought to Spread DEI Around the World
Why She Left: Details of Karoline Leavitt’s (Not So) Abrupt Departure and Just How Much Trump Adores Her
California Dem ripped for ‘perverted agenda’ ahead of fundraiser at risqué nightclub
GOP congressman’s ex-wife sues, alleging sensitive image of 2-year-old daughter was posted online
Extremism expert hailed as ‘terrific’ by ex-Biden official slapped with federal charges
Florida State University hit with federal civil rights investigation over race, sex-based scholarship programs
Dinesh D’Souza Shows the Truth of the Bible Through Biblical Archaeology
What is a special grand jury? Latest Jeanine Pirro move stirs up questions
Police rescue 60 cats and kittens from abandoned sailboat off Washington beach after 6-day operation
Ex-officer accused in New Orleans mass shooting plot released without charges
Lifelong Lib Chris Matthews Goes Scorched Earth on Far-Left Dems, DSA Members: ‘I’m Not with This Crowd’
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.
