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 administration pledges $150M in aid, deploys Navy warships after deadly Venezuela earthquakes
Florida executes 74-year-old for wife’s murder, becoming oldest inmate put to death in state’s modern history
A Warning Charlie Kirk Gave Back in 2020 Coming True Now Within Democratic Party
French citizen who illegally cast ballot in 2022 midterms says New Jersey automatically registered him to vote
Jury deadlocks in federal trial of man accused of starting deadly Palisades Fire in Los Angeles
Dems put on blast over poll that shows record-low patriotism in US: ‘Tear our society apart’
Blue state leaders erupt after Supreme Court’s decision ending TPS protections for Haitians, Syrians
Real Man: Churchgoer Can’t Find Tool to Free Kids from Sweltering Car, Says ‘My Fist Will Probably Work,’ Then, With God’s Help, Starts Smashing Glass
Hunter Biden, Man Who Isn’t in Prison Thanks to Dem Establishment, Attacks Dem Establishment After Primary Stunners
Marco Rubio Warns Iran’s Strait of Hormuz Scheme Could ‘Spread Throughout the World Like a Contagion’
Alex Murdaugh’s lawyers withdraw request for civilian clothes, accuse prosecutors of creating a ‘spectacle’
Rashida Tlaib Defends Antifa Member Sentenced to 100 Years for Attempted Assassination, Calls Punishment ‘a Travesty and Totally Unjustified’
Watch: Sophie Cunningham’s Death Stare Went Super Viral as She Considered Smashing Heads to Defend Caitlin Clark
Colorado mom allegedly bought alcohol daily for 16-year-old daughter found dead with 173 empty bottles
WATCH: AOC won’t rule out Senate bid after New York progressives notch primary wins: ‘Inspired and encouraged’
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.
