What triggered the second trading halt on Wall Street this week?

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The S&P 500's seven per cent drop triggered the second trading halt on Wall Street this week.

Trading on Wall Street's three main indexes was halted shortly after the opening bell on March 12 due to the S&P 500's significant decline. This event marked the second instance within the week where market activity was temporarily suspended.
Triggering Event

The automatic trading halt was initiated as the S&P 500 index fell by seven per cent. This threshold triggers a predetermined circuit breaker mechanism designed to pause trading and allow investors time to reassess market conditions.
Market Performance at Halt

At 9:35 am ET on March 12, the major indexes experienced substantial losses. The Dow Jones Industrial Average was down 1,696.31 points, representing a 7.20 per cent decrease, and stood at 21,856.91. Concurrently, the S&P 500 recorded a fall of 192.33 points, or 7.02 per cent, reaching 2,549.05. The Nasdaq Composite also saw a sharp decline of 558.80 points, or 7.03 per cent, trading at 7,393.25.
Recurrence of Halts

This was the second trading halt to occur within the same week. The repetition of such events underscores the heightened volatility experienced in the market during that period.

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What triggered the second trading halt on Wall Street this week?

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