The circuit breaker comes into play for a 15-minute trading halt when the S&P 500 drops by 7 percent. Trading is halted again if stocks fall by 13 percent, and if there were to be a 20 percent slump in the S&P 500, trading is halted for the session. Monday’s 12 percent drop for the S&P 500 means it has plummeted by nearly 30 percent since setting a record less than a month ago, and it’s at its lowest point since the end of 2018. The Dow Jones Industrial Average plunged by 2,997 points, or 12.9 percent, and, likewise, the S&P 500 had its worst loss since the Black Monday crash of 1987. he S&P 500 fell 324.89 points, or 12 percent, at 2,386.13.

Source: The Standard March 17, 2020 01:52 UTC