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.
Karen Bass appears to liken Spencer Pratt to Trump amid tightening LA mayoral race
Hasan Piker defends pro-communist, anti-ICE Singham network activists as ‘wonderful people’
California neighborhood on alert after bat found near sidewalk tests positive for rabies virus
Charter bus driver who allegedly caused crash killing 5 in Virginia charged with involuntary manslaughter
Trump floats replacing 250th anniversary concert with massive MAGA rally after artists pull out
Senate candidate Graham Platner sent explicit texts to multiple women while married, wife says: report
Delaney Hall protests intensify as far-left activists, ICE supporters converge in New Jersey
Gov. Sherrill blames ICE, defends rioters after deploying troopers to quell violent mob
What The Left’s Colorado Climate Lawsuit Is Really All About
New Yorker Sentenced To 40 Years in Prison After Slaying 4 People on a Midnight Rampage
CBS News’ Bari Weiss Fired A ’60 Minutes’ Producer Citing ‘New Approach’
Who Was in Charge? Dems Owe Answers After Jill Biden Says She Thought Joe Was ‘Having a Stroke’ During Debate
Why Does the Media Care That Has-Beens Are Withdrawing From ‘Freedom 250’ DC Event?
Watch: Mysterious Strangers Pile Out of Sewer Manhole, Prompts Police Investigation
WATCH: Disgraceful UK Police Chief Apologizes for Letting Student Bleed Out Because He Was Accused of Being a Racist
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.
