US markets halt trading after global equities retreat, oil collapses, bond yields fall, and cryptos drop

Welcome to the bloodbath. This morning trading was halted on the major stock exchanges after the S&P 500 fell to 7% triggering what are one of the so-called circuit breakers to stop an absolute market rout. Within seconds of opening stocks fell sharply lower, with the Dow Jones Industrial Average down 872.42(or 3.37%) to 24,9992.36, the S&P 500 slipping 193.41 (6.51%) to 2,778.96, and the Nasdaq off 90.16 or 6.96% at 1,205.58 to start the day. By the time the S&P fell to 7%, trading was halted.

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