S&P 500 Plunges, Wall Street Fears Circuit Breaker, Just One Day After Trump Celebrated Record Highs
President Donald Trump's celebration of Wall Street's highs aged rather poorly. Less than 24 hours after boasting about Americans' retirement accounts going "through the roof," the S&P 500 plunged as much as 3.8% Thursday, bringing emergency trading halts into the conversation. The selloff prompted traders to monitor the market's circuit-breaker thresholds, which can temporarily shut down trading across U.S. stock exchanges when losses become too severe. The S&P 500 would need to fall another 3.2 percentage points from its decline to trigger the first emergency halt.