Circuit Breakers Triggered Again With Stocks in Bear Market
- 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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Market-wide circuit breakers that already tripped once this week were triggered again as selling in the S&P 500 dragged stocks into an intraday bear market.
The benchmark for American equities plunged 7% to 2,549 as of 9:35 a.m. in New York, the level where NYSE rules stipulate a 15-minute trading halt aimed at soothing frayed nerves. That leaves the index 25% below its all-time high and on course to meet the accepted definition of a bear market.