The plummet within the S&P 500 places circuit breakers in play
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What a brutal day for shares.
The S&P 500 briefly traded down by 5.1% however has trimmed that to four.eight%. A 7% decline within the S&P 500 would set off a 15-minute buying and selling halt if it happens earlier than three:25 pm ET. After three:25 pm, buying and selling continues except a 20% decline is hit.
Technically, we’re now testing the 61.eight% retracement of the tariff rally from yesterday.
This text was written by Adam Button at www.ubaidahsan.com.
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