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.
Trump hails ‘really big night’ for populists in German election after historic victory
Supreme Court chief justice praises outgoing Smithsonian leader who was under pressure from Trump admin
George Bush welcomes top officials to his home state for 9/11 remembrance on 25th anniversary of attacks
Socialist politicians are ‘more racist than the KKK,’ says Black Dem official urging voters to ditch El-Sayed
Appeals court upholds order blocking IRS from sharing taxpayer data with ICE
Senator’s daughter wins Democratic nod in closely watched race to replace outgoing Dem incumbent
Data shows Amazon jet’s key braking systems did not deploy during deadly Miami crash: NTSB
Ex-Dem lobbyist for company that promoted addictive opioid clears key gubernatorial hurdle
Wife of top ex-Biden advisor easily advances to House showdown in November
Cold case takes grim turn after remains identified as runaway teen; homicide investigation underway
Establishment Dem defeats socialist challenger in crucial battleground Senate primary
Incumbent GOP governor rolls to primary victory after keeping Trump at a distance
New Hampshire Senate race set between John Sununu and Chris Pappas
Nancy Pelosi Disclosed a Multi-Million Dollar AI Investment Just Weeks Before the Stock Blew Up
Turning Point Condemns Georgetown ‘Mockers and Trolls’ Planning Event for Charlie Kirk’s Death Anniversary
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.
