Friday, May 30, 2025

Latest

Canadian, US Markets See Circuit Breaker Trading Halts

North American markets have seen turmoil this morning as circuit breaker triggers have been hit across several exchanges to halt trading temporarily. In the US, the S&P 500 fell more than 7% after this morning’s open, triggering what is referred to as a limit down circuit breaker. In Canada, similar market-wide circuit breakers were triggered, with trading on the TSX, TSX Venture, and TSX Alpha being halted in an attempt to restore order to the markets.

In the US, trading was halted for a period of 15 minutes as a result of the S&P 500 falling more than 7% in a single session. If upon resumption the index falls to a 13% decline, markets again will halt for a period of 15 minutes before resuming, provided the decline happens before 3:25 PM EST. If upon the second resumption markets fall to a 20% decline on the day, trading is closed for the day.

The market tumble is believed to be in relation to the economic effects anticipated from the novel coronavirus as supply chains begin to run thin or break due to manufacturing disruptions. Last night, futures trading hit what is referred to as “limit down” after sinking 5% in a single session, resulting in a halt at that level. Also impacting the markets this morning is the news that Saudi Arabia will be increasing oil output in the near term, resulting in WTI Crude Oil futures falling as low as $27.34 per barrel last night, after closing the Friday session at $41.37 per barrel.

With the uncertainty currently seen in equities as well as commodities, the US 10-year bond has also crashed as of late, with yield dipping as low as 0.38%, the first time in history it’s dipped so low. US 10 year bond yields are currently sitting at 0.497% as per MarketWatch.

TMX exchanges have since resumed trading.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Trump’s Demand for ‘Preemptive Cuts’ Triggers Market Slide

President Donald Trump intensified his criticism of Federal Reserve Chairman Jerome Powell on Monday, demanding...

Tuesday, April 22, 2025, 07:39:48 AM

Poll Shows TSX Forecasted To Hit 20,000 Mark By Year End

The Toronto Stock Exchange is expected to climb above 20,000 points by the end of...

Wednesday, May 26, 2021, 03:23:00 PM

How Long Can The Stock Market Ignore The Economy?

Naturally, as long as it wants. Despite constant assertions to the contrary, the stock market...

Monday, April 20, 2020, 08:20:16 AM

AI Frenzy Drives S&P 500 to Most Concentrated State in Nearly a Century

The S&P 500 index is now demonstrating a level of concentration not seen since the...

Friday, February 16, 2024, 09:48:57 AM

TSX Exchange Resumes Normal Operations

Late last night, TMX Group (TSX: X) alerted the public via a news release that...

Friday, February 28, 2020, 08:25:10 AM