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Stock tumult dredges up memories of COVID trading halts in U.S. [BNN Bloomberg (Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The S&P 500 fell as much as 5.97% Friday, taking it within striking distance of the 7% plunge that would trip the NYSE breakers that halt all trading for 15 minutes. The circuit breakers are designed to tamp down volatility in markets and can also help address the risk of erroneous trades in an era of high-frequency trading. They were last tripped shortly after markets opened on several days in mid-March 2020, when economies around the world were shutting down and unemployment spiked. “This level of selling and emotion has echoes to the pandemic,” said Mark Hackett, chief market strategist at Nationwide. While the degree of uncertainty is much lower compared to Covid, Hackett noted that right now “few see the urgency to catch the falling knife, and some systematic traders are forced to sell at certain levels.” The 7% levels widen to 20% after 3:25 p.m. and are in effect until the cash close at 4 p.m. US stocks are down 10% in the two days since President Donald Trump announce
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