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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Trading soon resumed, but if the S&P 500 were to fall 13 percent, per The New York Times, this would trigger another pause.
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