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March 9, 2020 01:50 pm

The Market Just Triggered a 'Circuit Breaker' That Keeps Stocks From Falling Through the Floor

The S&P 500 fell more than 7% Monday, triggering circuit breakers that prevent a further plunge. From a report: The index hit "limit down" shortly after the open, halting trading below that level for 15 minutes. The market was set to resume trading at 9:49 am ET. In addition to the S&P, the most all-encompassing large-cap stock index, the Dow Jones Industrial Average fell 7.3% while the Nasdaq, which is concentrated in technology names, slid 6.9%. According to the New York Stock Exchange, a market trading halt may occur at "three circuit breaker thresholds" on the S&P 500 due to large declines and volatility.

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