See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
The Boeing Company (BA) - free report >>
JPMorgan Chase & Co. (JPM) - free report >>
Occidental Petroleum Corporation (OXY) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Boeing Company (BA) - free report >>
JPMorgan Chase & Co. (JPM) - free report >>
Occidental Petroleum Corporation (OXY) - free report >>
Why Was a "Circuit Breaker" Triggered on Monday?
Major U.S. market indexes fell 7% almost right after the opening bell on Monday, but despite the Dow, the S&P 500, and the Nasdaq trying to pare back some of those losses throughout the day, all three closed down just as much.
The NYSE then triggered a market circuit breaker to halt a further plunge. Circuit breakers essentially pause trading after certain decline thresholds are reached:
-If the S&P 500 falls 7%, trading will pause for 15 minutes
-If the S&P 500 falls 13%, trading will again stop for 15 minutes if stocks drop on or before 3:25 EST
-If the S&P 500 falls 20%, trading will stop for the rest of the day
They are also designed to give investors a chance to understand what’s actually happening and make trading decisions based broader market conditions.
Some of the biggest losers today were oil giants like Occidental Petroleum (OXY - Free Report) , Tesla (TSLA - Free Report) , Dow Inc. (DOW - Free Report) , JPMorgan Chase (JPM - Free Report) , and Boeing (BA - Free Report) .
Heading into the start of the week, investors knew there was a possibility a halt could occur. Stock futures plummeted after Saudi Arabia slashed oil prices for April, retaliating against Russia’s unwillingness to cut output. Investors were also dealing with the spread of the coronavirus, and the effect on the U.S. and global economy, as well as the decline in the benchmark 10-year Treasury note.
Looking for Stocks with Skyrocketing Upside
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>