If you're paying attention to the markets this morning, you will have noticed the latest market 'hiccup' to hit the New York Stock Exchange (NYSE).
The New York Stock Exchange has a series of "circuit breakers" in place to calm investors' nerves when they're panicked.
One of these 'circuit breakers' was tripped Monday morning shortly after trading began; the S&P 500 fell by more than 7%, halting trading for 15 minutes.
The next 'circuit breaker' would be if the market falls by 13% - this would pause trading for another 15 minutes.
If the market plunged 20%, everyone would go home: Trading would stop for the day.
Stocks resumed trading at 9:49 am ET.
- The S&P was down 7.2% upon the reopen.
- The Dow fell 7.9%, or 2030 points.
- The Nasdaq Composite dropped 7.2%.
In the political world of the coronavirus outbreak, many notable individuals are now self-quarantining including Texas Senator Ted Cruz and Portugal's President Marcelo Rebelo de Sousa.
The MBS Trade Team will be monitoring any developments.