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 admin sues Penn State over in-state tuition policy for undocumented migrants
Trump’s massive Arlington triumphal arch approved for construction by federal planning commission
Indiana, Florida and Alabama carry out rare US triple execution day
Watch: DeSantis Nails Midterm Blowout with Blunt Talk on Thune’s GOP Senate – ‘They Didn’t Even Attempt’ Bold Conservatism
Military Identifies Remains of WWII Soldier Who Served in Legendary Merrill’s Marauders
Big Blue Wave Gives Democrats the Power to Effectively End the Electoral College Before 2028
Vance ‘privately’ blasts Netanyahu as Iran war divides Trump administration and 2028 ambitions loom
Child molester’s looming prison release reignites sanctuary showdown in wake of Dem election sweep
DOJ Launches Criminal Investigation Into Leak of Supreme Court Decision That Overturned Roe v. Wade
Preview of What’s to Come: As Iowa Falls to Dems, Obama Judge Clears Way for Satanists to Take Over Statehouse
California’s Sky-High Minimum Wage Claims Another Victim as Major Outback Steakhouse Franchisee Is Forced to File for Bankruptcy
Trump signs proclamation to prevent changes to Oval Office, other White House rooms
Texas State Rep Calls for Emergency Session Put Guardrails on Executive Branch Before Dems Seize Power
Eight GOP Reps. Who Co-Sponsored Amnesty Bill Voted Out of Office
Ex-Biden official projected to win bid to unseat Mike Lawler in high-stakes House race
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.
