STOCK MARKET HALTED--LEVEL 1-- Circuit Breaker Targets -- Wednesday, Mar. 18--

The NYSE opens at 9:30 am EST and closes at 4:00 pm

The most reported and most followed is the DOW Ind. Average.

The DOW closed at 21,237.38 Tuesday.

If the markets plunge to certain levels, trading will be
halted for a time.
This is commonly known as "circuit breakers".

The circuit breakers are triggered by a decline in the S&P 500,
not the DOW, although both indexes usually rise and fall in
very similar percentages.

The S&P 500 closed at 2,529.19 Tuesday.

..."If the index falls by 7% below its previous close, this is
known as a Level 1 decline. A Level 2 decline refers to a
drop of 13%, whereas a Level 3 decline refers to a drop of 20%.

Level 1 or 2 circuit breakers halt trading on all exchanges
for 15 minutes, unless they are triggered at or after 3:25 PM,
in which case trading is allowed to continue. Level 3 circuit
breakers halt trading for the remainder of the trading day
(9:30 AM to 4:00 PM)."...
[link to www.investopedia.com (secure)]

Trigger targets for today:

S&P
Level 1 : -177.04 = 2,352.15
Level 2 : -328.79 = 2,200.40
Level 3 : -505.84 = 2,023.35

Expectation of approximate DOW levels at triggers:

Level 1 : -1,486.66 = 19,750.76
Level 2 : -2,760.86 = 18,476.52
Level 3 : -4,247.48 = 16,989.90


Dow Futures are down -833+ early.
S&P 500 Futures are down -92.00 this morning.

[link to www.investing.com (secure)]



Last Edited by Trained Noticer on 03/18/2020 01:33 PM