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Steep stock declines trip 'circuit breaker'
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10-25-2008, 07:57 PM
Post: #1
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Steep stock declines trip 'circuit breaker'
Steep stock declines trip 'circuit breaker'
Canwest News Service Published: Saturday, October 25, 2008 U.S. stock futures fell so sharply before markets opened yesterday, it triggered what's known as a circuit breaker to stop the downward trend from being too severe. The Chicago Mercantile Exchange, which handles U.S. futures trading, put a halt on trading after benchmark index futures dropped more than six per cent. During regular trading hours, the New York Stock Exchange imposes circuit breakers at various levels. They came to being to help prevent the kind of market crash that happened on Black Monday, Oct. 19, 1987 -- the largest one-day stock-market crash in history. The Dow lost 22.6 per cent or $500 billion. the rest http://www.canada.com/victoriatimescolonis...8c-9079c47f423e What kills me makes me stronger ! No favor asked no quarter given ! Your sitting in your comfort you don't believe I'm real, You cannot buy protection from the way that I feel. |
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