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.
Israel ‘remains firmly committed’ to ceasefire but will continue occupation of southern Lebanon
News Outlet Caves to Democratic Senate Candidate, Kills Poll That Makes Her Look Bad
Watch: Angel Reese Shoves Caitlin Clark, Then Mocks Her as Long-Running Rivalry Is Renewed
Karmelo Anthony runs away after murdering Austin Metcalf: surveillance video
Michigan trio allegedly beat, strangled and gagged man at Las Vegas hotel to collect on gambling debts
Body found in South Carolina ID’d as missing fitness trainer who told friend she was ‘scared for her life’
Obama Snubs Trump from Presidential Center Opening, Then Subtly Attacks Him
North Carolina furniture manufacturer allegedly kills business partner hours after losing contract dispute
Double endorsement drama: Trump backs second candidate in red state’s GOP gubernatorial runoff
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Trump reveals new Air Force One will fly over DC on July 4
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
New Air Force One takes flight as Trump unveils revamped presidential aircraft
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
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.
