Breaking: S&P 500 erases 7%, level one circuit breaker triggered
|For the second time this week, the level-one circuit breaker in the US stock markets got triggered with the S&P 500 erasing 7% minutes after the opening bell.
As trading is suspended for 15 minutes, the Dow Jones Industrial Average and the Nasdaq Composite are down 8.3% and 7.35%, respectively.
In the meantime, the 10-year US Treasury bond yield was last down 21.75% on the day at 0.68%. Despite these developments, the greenback stays relatively resilient against its rivals with the US Dollar Index clinging to its daily gains near the 97 mark.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.