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.
GOP veteran defeats populist candidate in one of America’s most conservative districts
MAGA triumph: Trump ally Ken Paxton defeats John Cornyn in bitter Texas GOP primary war
We Could Cover 10 Percent of the Entire Deficit if Gov’t Stopped Accidentally Making Improper Payments
Owner of Trump House Who Was Brutally Beaten Has Died – Wife Believes Politics Motivated Murder
Reparations-Backing California Candidate Run Out of Black LA Neighborhood Over His ‘Devil Blue Eyes’
Murder-suicide probe underway after alleged Tom Selleck impersonator scam targeted woman
Mamdani faces a Muslim problem ahead of Gracie Mansion protest
DOJ sues UCLA for fostering ‘hostile’ antisemitic environment for Jewish and Israeli students
Thom Tillis Unloads on Hegseth, Ken Paxton in Weekend Tantrum as GOP’s Establishment Wing Faces Extinction
Graham Platner vows to ‘come after’ Bezos as Senate hopeful escalates billionaire tax fight
Woman killed by flying restaurant umbrella in freak accident at South Carolina lakeside restaurant
Ousted Senate Republican digs in against Trump, takes jab at leadership style
Democrats’ Official X Account Forced to Delete Horribly Disrespectful Memorial Day Post – But We’ve Got the Original
Jake Auchincloss denies supporting Collins in Maine Senate race after opposing Planter bid
Redistricting push in South Carolina fails after state Senate bails
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.
