S$P 500 drops 7%, triggering NYSE 'circuit breaker' trading halt for 15 minutes

[yortsed snacilbuper]

U.S. stocks fell sharply once again on Thursday after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus.

The S&P 500 dropped more than 6%, joining the Dow Jones Industrial Average in bear market territory. The 30-stock Dow slid more than 1,600 points, or about 7%. The Nasdaq Composite dropped 6.6%.

Before the open, futures contracts tied to the major indexes fell to their so-called limit down thresholds, sliding 5%. These limit down levels act as a as a floor for selling until regular trading begins. During the regular session, the S&P 500 must drop by 7% before triggering the New York Stock Exchange’s circuit breaker, which halts trading temporarily.

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[Skidmore]

1. It will keep dropping

until we get some stability and less stupidity.