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On April 7, 2025, the trader works on the floor of the New York Stock Exchange (NYSE) at the opening of the bell in New York.
Timofey A. Clair | AFP | Gets the image
When stock prices and futures are rapidly falling for one session, the exchanges are stopping in auction to allow a minute to make more cool heads prevail and avoid the accidents we saw in the past on Wall Rate.
Such steps usually occur during the extraordinary market instability, such as March 2020 -If the Covid-19 pandemic pandemic was sending world markets. This time, increased tensions in world trade are caused by surprisingly high universal tariffs implemented by the president Donald Trump exert massive pressure on stocks with sales continuation Monday.
Switches
In the regular hours of 9:30 am to 16 pm the stock trading can be suspended on the market if they are reduced S&P 500 Run the “switch”. They occur when the index of the benchmark falls on a certain amount inside the exchanges to briefly stop all trades. All major exchanges perform these trading cessation.
There are three levels of switch:
- Level 1: S&P 500 falls on 7% Intraday. If this happens until 15:25 et, the bidding stops for 15 minutes. If this happens after that time, the trade continues when the level 3 does not go.
- Level 2: S&P 500 falls on 13% Intraday. If this happens before 15:25 et, trade stops for 15 minutes. If this happens after that time, the trade continues if the level 3 does not trigger.
- Level 3: S&P 500 is immersed in 20% Intraday. At this point, the exchange suspends bidding for the rest of the day.
The landmark closed the session on Friday 5,074.08. Here are the thresholds that the S&P 500 must reach during the Monday session that you need to run different switch:
- Level 1: 4 718,89
- Level 2: 4,414.45
- Level 3: 4,059.26
Futures “Limit”
In the hours of trading that are not included in S&P Futures They decrease by 7%, then the bidding stops until the traders are ready to buy the “Border Border” contract.
Futures Russian 2000, which track the benchmark of a small hat, briefly reached this threshold over the night, falling 7%before jumping.
Wall -Story goes out of the horrific session. On Friday, the S&P 500 fell by almost 6%, its worst day since March 16, 2020 – when it dropped by 11.98%. Industrial average Dow Jones plunged by 5.5%, its largest one -day decline since 11 June 2020. On Friday, NASDAQ composite collapsed by 5.8% and finished the day in the bear market, which is more than 20% of the record high in December.
The sale continued on Monday, and the S&P 500 loses 4.5% and enters the bearish territory, which in February more than 20% of the record high.
Correction: Dow Jones Industrial Simor plunged by 5.5%, its largest one -day decline since June 11, 2020. The previous version incorrectly scored the percentage.
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