In brief – The S&P 500 plunged as much as 3.8% Thursday, raising concerns about emergency trading halts just one day after Trump celebrated Wall Street’s record highs. – A further decline to 7,150.41 points would trigger the first market-wide circuit breaker, temporarily halting…
stock trading for 15 minutes. – AI and semiconductor stocks led the selloff as investors reassessed the implications of Democratic midterm victories for the technology sector President Donald Trump’s celebration of Wall Street’s highs aged rather poorly. Less than 24 hours after boasting about Americans’ retirement accounts going “through the roof,” the S&P 500 plunged as much as 3.8% Thursday, bringing emergency trading halts into the conversation
The selloff prompted traders to monitor the market’s circuit-breaker thresholds, which can temporarily shut down trading across U.S. stock exchanges when losses become too severe. The S&P 500 would need to fall another 3.2 percentage points from its decline to trigger the first emergency halt. The timing is particularly awkward for Trump, who has repeatedly pointed to stock market performance as evidence of his administration’s economic success. “Stock Market just hit another Record High—91 Days in just a short period of time—Less than two years.
Your 401(k)s are through the roof,” Trump wrote Wednesday on his Truth Social account. He closed the message with “Record Setting All! President DONALD J.