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.
Carville calls for formal ‘schism’ with socialist candidates: ‘Can’t be in the same party’
Bill Maher presses Vance over Trump’s election fraud claims: ‘That s*** has to stop’
Former House intel leader points to Dem rhetoric ‘encouraging’ violence as 8th man charged in UFC terror plot
Hollywood Libs Pour Love on Beijing, Tout China as ‘First Petro-Zero Economy,’ But Facts Show Different Story
Global Elitism at Work: Amid Heatwave, European Commission Shuts Off AC – But Only For Lower-Level Workers
Bill Barr says Todd Blanche isn’t ‘a toady,’ urges senate to confirm Trump’s AG pick
Kentucky man charged with boating under the influence after female passenger, 19, goes missing
US search and rescue teams deploy to help Venezuela earthquake response
Are You Gay Enough To Get A California Utilities Contract? Here’s The Test
How a Ministry Is Spreading Christianity in Iran Using AI
Women accuse Pearadise founder of preying on them by turning ‘safe space’ into mansion of manipulation
NY governor hopeful vows showdown with Mamdani over socialist agenda: ‘I will stop him’
Firefighter brother of 9/11 victim incensed by ‘radical’ Muslims winning key Dem primaries
Trump-backed Letlow takes on John Fleming in runoff to replace Bill Cassidy
Incoming socialist DC mayor has a weak hand against Trump administration
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.
