Concerns about a sharp decline in the Chinese markets led to a sell-off panic in the U.S. on Monday morning as the Dow Jones Industrials lost 1,089 points, the largest one-day point drop in history, leading many to call it Black Monday II.
The sell-off triggered the New York Stock Exchange to invoke the rarely used "Rule 48," which automatically halts trading to create a cool-down period for the markets to regain their senses. By the afternoon, the markets fully recovered from the morning's sharp…
Concerns about a sharp decline in the Chinese markets led to a sell-off panic in the U.S. on Monday morning as the Dow Jones Industrials lost 1,089 points, the largest one-day point drop in history, leading many to call it Black Monday II.
The sell-off triggered the New York Stock Exchange to invoke the rarely used "Rule 48," which automatically halts trading to create a cool-down period for the markets to regain their senses. By the afternoon, the markets fully recovered from the morning's sharp…