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S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

  • NYSE rules pause trading at 7% drop in S&P 500 cash market
  • Markets will close if plunge gets to 20% during the day
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WATCH: Mohamed El-Erian’s advice to investors: “Do not buy this dip.”Source: Bloomberg
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Scary as Monday’s start to U.S. stock trading was, the halt that it triggered looks to have done its job, at least for now.