S&P 500 sinks 7 percent, triggering pause for 1st time since 2008

dow jones.
(Image credit: JOHANNES EISELE/AFP via Getty Images)

New York Stock Exchange trading was paused Monday morning as the S&P 500 and the Dow Jones Industrial Average both took a dive.

After the S&P 500 fell seven percent on Monday morning, and after the Dow plunged more than 1,800 points, a "circuit breaker" was almost immediately triggered to pause trading for 15 minutes, NBC News reports. This was the first time the breaker had been triggered since December 2008, during the financial crisis, Bloomberg reports. The S&P 500 that day ended down 8.9 percent.

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.