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.
Ex-Iowa school superintendent sentenced to prison as an illegal alien found with firearms
Elderly couple fatally stabbed inside Queens apartment, no arrests made as investigation continues: report
ICE arrests illegal alien who allegedly faked asylum claim based on homosexuality, became Indiana jail officer
Hasan Piker says UK has barred him, trashes ‘unbelievable…power’ of pro-Israel groups
Pratt rallies supporters as Los Angeles mayoral race enters final stretch
Left-wing streamer blasts New Jersey governor over state police response at ICE facility protests
Man who warned coworkers ‘no one’s going home today’ gets prison term in fatal shooting
Scott Peterson’s longtime lawyer claims ‘new’ evidence could force courts to revisit his murder conviction
Hospitals Promised Less Expensive Care After Merging Into Behemoths – the Opposite Happened
Bad News Across the Country for Dems Desperately Trying to Redistrict Before the Midterms
NYPD commissioner ‘proudly’ leads Israel parade as grand marshal; Mamdani breaks tradition, avoids event
NASA Reveals Moon Base Plan With Construction Process Beginning as Early as 2029
Trump warns judge against sacrificing national security by blocking White House ballroom, drone base
The Civil War Never Really Ended, But an American Union Could Finally Help America Truly Heal
Why NATO’s defense spending imbalance lasted for decades
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.
