Breaking: S&P 500 erases 7%, level one circuit breaker triggered

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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