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.
Watch: The Priceless 30 Seconds Where Rep. Comer Forces Dems to Listen to Hakeem Jeffries Beg Epstein for Cash
Unearthed FEC records expose Katie Porter’s hypocrisy after she fumes at ‘new billionaire’ joining race
Biden’s DOJ subpoenaed top Republican’s phone records and more top headlines
Coast Guard defends dropping hate label for swastikas, nooses, Confederate flags
Miss Palestine’s Connection to Notorious Hamas Leader Exposed Ahead of Beauty Pageant: Report
Quite the Pickle: California Town Seeks to Permanently Ban Popular Pastime
Cheerleader’s cruise ship death unravels amid bitter family strife and questions at sea
New Twist in Holiday Condiments: ‘Leftover Gravy’ Hits Shelves in Time for Thanksgiving
Muslim civil rights group CAIR sues Texas over Abbott’s ‘terrorist’ designation
Immigrants fined up to $1.8 million for remaining in US sue Trump administration
Eric Swalwell announces run for California governor, vows to be ‘protector and fighter’
Missouri attorney general takes new legal aim at mail-order abortion pills over safety concerns
US-backed foreign broadcaster selling pricy news gear for pennies on the dollar to ‘spite’ taxpayers
Biden DOJ subpoenaed Jim Jordan’s phone records covering more than two years
Republicans Working to End Biden-era Regulation That Funded Travel for Illegal Alien Minors Who Were Getting Abortions
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.
