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S&P 500 drops 7%, triggering 15-minute ‘circuit breaker’ trading halt
CNBC ^ | March 17, 2020 | Fred Imbert and Yun Li

Posted on 03/18/2020 10:08:43 AM PDT by C19fan

Stocks tumbled on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding. A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors.

The S&P 500 fell 7% around 1 p.m. ET, triggering a marketwide “circuit breaker” trading halt while the Nasdaq Composite slid 6.3%. The Dow Jones Industrial Average dropped 1,660 points, or more than 7%. The circuit breaker halts trading across the U.S. exchanges for 15 minutes and is meant to ensure orderly market behavior. Wednesday market the fourth time in a week that a circuit breaker was triggered.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: covid19stockmarket; sandp; stockmarket; stocks; virus
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To: dp0622
There was NO skill involved

Depends upon how you define "skill."

Having an instinctive grasp that it is better to pay off debt rather than speculate is perhaps not a skill, per se, but it is a form of Emotional Intelligence (vulgo: wisdom).

Regards,

101 posted on 03/18/2020 12:54:44 PM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Gasshog

you asked “do you think (the news media) can resist this opportunity” to trash Trump?

To ask the question is to answer it, surely.


102 posted on 03/18/2020 1:34:03 PM PDT by Calif Conservative (A)
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To: CodeJockey

Good work! Buy every dip if over 5%.
If markets do not go higher in 2 years from now, USA is finished anyways. And nothing is going to be worth anything except Swiss money. Even gold was cheap during depression years. But demise of USA is highly unlikely unless Biden-Kamala ticket wins in 2020.


103 posted on 03/18/2020 1:35:28 PM PDT by entropy12 (You are either for free enterprise or want gov't to interfere with corporate issues.)
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To: lgjhn23

so the United States is to blame for this.

And not the fault of our dearest friends the ChiComs

Well played.


104 posted on 03/18/2020 1:50:36 PM PDT by Calif Conservative (A)
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To: setter

Please remove those ear plugs next time you watch the Trump covid-19 response team is holding their daily news updates.

This virus is brand new, no one had any anti-bodies from previous exposures and that makes it 10 times more contagious than the influenza virus which kills 17,000-70,000 Americans every flu season. And young people can make anti-bodies faster and fight it off. But older folks have lost that ability and that is why 80% of covid-19 deaths are older folks over 65.

And another thing, common flu is mostly contagious when symptomatic, where as covid-19 is contagious to others without any symptoms in you.

That is why this virus is scaring everybody as it should.


105 posted on 03/18/2020 2:30:04 PM PDT by entropy12 (You are either for free enterprise or want gov't to guarantee your wages.)
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To: dp0622

I am still trying to figure out where my Fidelity bond fund is Down 6%.

It should be up if there was any real sense to this.


106 posted on 03/18/2020 2:46:50 PM PDT by KC Burke (If all the world is a stage, I would like to request my lighting be adjusted.)
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To: KC Burke

Simple reasons why your bond fund has dropped.

Many people are under water, and need to raise cash, and fast. They are selling anything that can raise cash, which includes bonds.


107 posted on 03/18/2020 2:54:59 PM PDT by entropy12 (You are either for free enterprise or want gov't to guarantee your wages.)
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To: Calif Conservative

“...so the United States is to blame for this.....?” No, not the duly elected government. The Deep State shadow govt. is to blame.

“...And not the fault of our dearest friends the ChiComs?...” They are NOT our “dearest friends” but they evilly and greedily fell right into “the plan” by stealing or buying it undercover.

“....Well played...” Yep. Verrrrry well-played by the DS.

Again. All tin-foil hat stuff, but NOTHING would be surprising these days...especially from the DS shadow govt.


108 posted on 03/18/2020 5:14:24 PM PDT by lgjhn23 (It's easy to be a liberal when one is dumber than a box of rocks...)
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