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.
Federal appeals court rejects Trump bid to enforce mail ballot order ahead of midterm elections
Second House Discovered Related to Family With 16 ‘Almost Feral’ Children – Building Described as ‘Just Urine, Feces’
India’s education minister resigns after student protests over medical exam leaks
EXCLUSIVE: Alleged $32M COVID-19 fraud fugitive captured in Jamaica and returned to US, FBI says
Court checks Pritzker as Trump administration scores another immigration win
NYC 5-alarm fire injures at least 17 firefighters, others as blaze damages multiple apartment buildings
Katy Perry ‘appalled’ to see her song used on White House TikTok account
Biden judge blocking Ethiopian deportations despite SCOTUS ruling clashed with ICE before
Fewer Gay Professionals Feel Being Gay Helps Their Career
Trump defends New York Times subpoenas as judge seeks internal DOJ communications
State Officials Blamed Citizens for Death of Bear Stuck Atop Power Pole, but What Bystander Says She Saw Changes Everything
Maine Democrats crown Troy Jackson as Platner replacement as fresh scrutiny clouds Senate reset
Pentagon Official Calls Ex-White House AI Architect ‘Village Idiot’ in China Policy Spat
ICE Deports Ex-NFL Linebacker and Rugby Star: Report
Media’s WNBA Madness: Days After Article Linking Caitlin Clark With Lynching, USA Today Makes Another Huge Clark-Related Reporting Blunder
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.
