‘Trying Not to Panic’: The Collapse in U.S. Markets Spared None

‘Trying Not to Panic’: The Collapse in U.S. Markets Spared None

'Trying Not to Panic': The Collapse in U.S.. Prices on dozens of energy bonds fell to distressed levels.. The moves from Saudi Arabia and then Russia to flood the market with cheap crude followed the collapse of talks among the OPEC+ alliance last week that were meant to shore up prices with supply cuts.. When stock exchanges officially opened at 9:30 a.m. New York time, it took only four minutes for the S&P 500 to fall 7% and trigger a 15-minute market-wide pause.. Dozens of individual stocks would see disruptions in trading after dropping fast enough to trigger limit-down trading pauses.. In Treasury futures, the regular 30-year bond contract and the ultra bond contract both triggered four trading halts as they rose more than 12 points during extended trading before Monday's open.. Stocks Plunge Most Since Financial Crisis: Markets Wrap.