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.
Florida court says 18-year-olds have same gun rights as other adults
DHS moves all detainees out of ‘Alligator Alcatraz’ amid hurricane concerns
LaGuardia shuts down runway for second time in weeks after pavement issue resurfaces
Shocking Report: ‘250,000 Young White Girls’ Victimized by Muslim Rape Gangs
MUST SEE: ICE Officer Lifts Drowning Child Out of Water, Then Saves His Life with CPR – Dems Call People Like Him ‘Gestapo’
Trump switches support in Oklahoma congressional race as formerly endorsed pastor candidate suspends campaign
Trump-endorsed congressional candidate pledges entire $174K salary to wounded Iraq War veteran’s family
‘Something big’: Feds reveal how relatives of suspects in foiled White House UFC plot saw warning signs
FTC alleges influential transgender health organization misled parents about safety of youth treatments
Handwritten Epstein Notes Found, Confirm He Wanted to Hurt Trump as Badly as Possible, Wasn’t Friend at All
Vance rejects claims Trump-Iran deal echoes Obama-era logic as hawks raise alarm
Trump sends Senate GOP reeling with intelligence chief chaos
Op-Ed: Informed Consent Is Lacking for Abortion
Convicted Murderer Karmelo Anthony Begs for Taxpayer Assistance After Raising Over $600,000
Alex Murdaugh’s lawyer vows to dismantle infamous kennel video as defense weighs another turn on the stand
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.
