U.S. stock-index futures trigger 'limit-down' rule. Here's how limit rules and stock-market circuit

[turbinetree]

Published: March 16, 2020 at 9:36 a.m. ET
By Mark DeCambre

U.S. stock-index futures trigger limit-up and limit-down rules when they see 5% price swings

U.S. stocks have been experiencing some of the most volatile trading in the past decade in recent weeks and that trend continued into Monday morning after the Federal Reserve slashed rates to nearly 0% and unveiled some of the most dramatic stimulus measures since the 2008 financial crisis to combat the COVID-19 pandemic.

The three main stock-index futures contracts hit daily limit-down rules for the third time this week and circuit breaker rules, intended to prevent panic selling, are likely to kick in at Monday’s open.

Futures for the most-active Dow Jones Industrial Average YMH20, -7.908% for March shed 1,041 points, to 21,798, while S&P 500 futures ESH20, -9.381% and Nasdaq-100 futures NQH20, -7.990% were all trading limit-down.

Gauged by exchange-traded funds that track those indexes, stocks are in for a powerful drop. The SPDR Dow Jones Industrial Average ETF Trust DIA, -10.629% was down about 10% in premarket trade, the SPDR S&P 500 ETF Trust SPY, -10.637% was 9.6% lower and the Invesco QQQ Trust Series QQQ, -9.988%, which tracks the Nasdaq-100, was 8.7% lower.

https://www.marketwatch.com/story/us-stock-index-futures-trigger-limit-down-rule-heres-how-limit-rules-and-stock-market-circuit-breakers-work-2020-03-16?itm_source=parsely-api&mod=mw_more_headlines

hold on.......................

[safeinOhio]

1. Oh my, just took a look and DOW down over 2,700 points.

I watched it all last night and it stayed about 1,000 down. I thought it could go either way when the markets opened. Well, it went down hill, way down hill.
Not good for Tramp as his idea of easy money by the Fed didn't work out for him. He put all of his marbles in the stock market.

[turbinetree]

2. He literally thought he could buy his way out of this stuff......................

he is the most dangerous person in america.........................along with his enablers.....................every last one of them.................now what is he going to do......................... .

[safeinOhio]

3. Every thing is down.

Gold down fifty bucks
WTI oil down to under $30 a barrel.