News Opinons Politics

Stocks Tank, Triggering Trading Halt, Then Tank Again


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.



Chaos Erupts as Large Group of Juveniles Brazenly Loot and Destroy Wawa Food Market in Philadelphia
Buttigieg Explains To Texans Why They Should Buy Electric Vehicles
Trump Slams Former ‘Great Friend,’ Now ‘Ungrateful’ DeSantis
Videos Show Audience Booing Nancy Pelosi at NYC Music Festival
Watch: Elton John Looks Shocked as Biden Says It’s ‘His Fault That We’re Spending $6B’ on HIV and AIDS
NYC: ‘I Killed Two Police Officers and My Religion Made Me Do It’
‘Legacy of Cringe’: Hillary Clinton Compares Americans to Nazis
Only 1.5% Of Eligible Americans Have Gotten New COVID Booster: CDC Data
FBI SWAT Raids Home of Catholic Pro-Life Activist as ‘Screaming’ Children Watch
‘She Was 12, I Was 30’: Biden Leaves Viewers Stunned In Teachers Speech
Mayorkas: ‘We Are Doing so Much’ on U.S. Border Policy to ‘Enforce the Law’
Lead Prosecutor for Robert Mueller Rips the Mask Completely off in Insane Display
Climate Cultist Rushes Court in Fiery Protest, Starts Screaming When He Realizes He’s Now Got a Much Bigger Problem
Leading Transgender Health Association Seeks to Include ‘Eunuch’ As ‘Gender Identity’
WEF Mafioso Threatens Climate Annihilation, Demands $2 Trillion as Protection Money

See also  Putin Mobilizes Military Reservists; Won't 'Bluff' on Nukes

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.

→ What are your thoughts? ←
Scroll down to leave a comment: