The S&P 500 halted trading today—here's why younger investors shouldn't panic. (via CNBCMakeIt)
The current system of circuit breakers has never been tripped. A revamped system was put in place in February 2013 after the last set failed to prevent the May 2010 flash crash.If the S&P 500 drops 7%, then trading will pause for 15 minutes.
If the S&P 500 declines 13% on or before 3:25 p.m. ET, then trading will be paused again for 15 minutes. If the drop occurs after 3:25 p.m., then there's no halt.Trading started back up at 9:49 a.m. ET and the S&P 500 continued to slide. Meanwhile, the, which tracks 30 stocks, fell 2,000 points, or 7.3%, at one point during morning trading. The Nasdaq, which focuses on technology companies, fell 6.9% during the same period.
"The bull market's 11-year birthday is today, but investors are not in a celebratory mood," says Greg McBride, chartered financial analyst and chief financial analyst at Bankrate.com.Over 66% of millennials have investments of some type. About a third of millennials invested in a taxable brokerage account in 2018, while another third invested in a retirement account, according to a
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