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.
Florida Man Pleads Guilty in $500,000,000 COVID Test Fraud Scheme
Map Exposes Flocks Surprisingly Massive Network of 300K Surveillance Cameras – They’re Trying to Scrub it
Why the 2A Exists: Strict Gun Laws Fail to Stop South African Slaughter by Gunmen With AK-47s
Trump DOT Kills Biden’s Fuel Rules to Drop New Car Prices by Over $1K
Florida TikTok creator lands in jail after allegedly turning women’s private data into posts
Celebrity Chef Responds to the Left’s Racist ‘Uncle Tom’ Backlash to Him Cooking with RFK JR: ‘I Don’t Give a…’
Hospitals Used AI to Inflate Medical Bills by Nearly $1,000,000,000: Report
Cruz-Vance rivalry heats up as Texas senator suggests VP is ‘feeling insecure’
Tech powerhouse’s regulatory push bears similarities to a notorious Washington strategy
Rahm Emanuel urges Dems not to impeach Trump if they win the House
Terror cells inside foreign airlines ‘certainly a possibility,’ retired pilot warns
Neighborhood backlash collides with America’s tech arms race — but is this the plan to fix it?
One southern state’s rise is making it America’s new ‘economic center of gravity’
Jane Doe lawyer rips Trump’s ‘fair shake’ remark in Cornell rape case: ‘Just wrong’
Latino voters swing back to Democrats ahead of midterm elections: poll
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.
