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.
Emmer says MN fraud raids send ‘crystal clear’ message after feds hit dozens of sites
Breaking: FBI Raids ‘Quality Learning Center’ and 21 Other Locations in Somali Fraud Crackdown
Cuccinelli says Dems undercut own redistricting defense as Virginia justices press ‘Yes’ camp
OPEC Unexpectedly Loses a Member in Shock to Global Oil Market
Inside the hottest party in town as royal mania takes over Washington
Rep Cory Mills draws first Republican challenger as sexual misconduct allegations, expulsion threat mount
FBI raids Minneapolis childcare facilities, part of sweeping fraud investigation
Three college frats in crosshairs as hazing claims of booze, burns and hospital trips spark crackdown: school
Brooklyn attack leaves 3 injured, suspect wearing Iranian flag shirt arrested by NYPD
Mike Johnson says King Charles’s speech to Congress will be a ‘unifying event’
Recall Issued for Fitness Item Amid Dangerous Injuries: 50K Units Affected, Victims’ Bones Broken
Democrat Governor Hopeful’s SPLC Board Tenure Overlapped with Alleged Payments to Extremist ‘Informants’
SPLC kept paying Aryan Nations operatives after bragging about bankrupting them
Former Florida Gov. Charlie Crist is running for mayor of St. Pete
AI boom tests GOP’s midterm affordability pitch as price pain spreads
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.
