A question about the stock market

If the DJA goes below 7000 do they stop trading or at what point does trading stop, last I looked it was at 7159 I believe

But for an actual price, it can go as low as it wants to, as it seems to be doing. Soon to be below 7K. Who knows what the bottom is? Meanwhile we all get poorer.

http://www.sec.gov/answers/circuit.htm

Here's the actual limits for this quarter.

http://www.nyse.com/press/circuit_breakers.html

...a certain number of points in one trading day.

I think it's around a 700 or 800 point drop in the DOW, if I'm not mistaken.

..

unless it starts going into a catastrophic free-fall, which is defined arbitrarily. For example if the market loses 2% of its value over the course of a day (about 200 points, we'll say) the market would likely stay open. If the market lost 2% in the first hour and showed signs of worsening, then it would probably be closed early for heads to cool.

As I write this now, it's about 3:40. The market's closing in 20 minutes anyway. It won't close early today.

The Dow Jones would have to fall 1,100 points in a day for a stoppage to take effect. If that mark is reached before 2 p.m. Eastern time, the market would close for an hour. If it drops 1,100 between 2 and 2:30 p.m., the stoppage would last 30 minutes. If the stoppage occurs after 2:30 p.m., trading would not resume for the rest of the day.

If the Dow Jones drops 2,200 points before 1 p.m. Eastern time, the market will close for two hours. The same decline between 1 to 2 p.m. would cause a one-hour delay, and the market would close for the day if the 2,200 mark were reached after 2 p.m.

If the DJI plummets 3,350 points, the stock exchange will close for the day regardless of when the mark is reached.

http://findarticles.com/p/articles/mi_qn4200/is_20081010/ai_n30901760

of loss are exceeded. This is still a slow enough drop that trading likely won't be suspended even as it heads toward the 4000 I think it will.

and in the 5 or so minutes between my checking it dropped more but has a way to go before trading stops

http://www.nyse.com/press/circuit_breakers.html



CIRCUIT-BREAKER LEVELS
FOR FIRST-QUARTER 2009
In the event of a 850-POINT decline in the DJIA (10 percent):

Before 2 p.m.
1-HOUR HALT


2-2:30 p.m.
30-MIN. HALT


After 2:30 p.m.
NO HALT
In the event of a 1700-POINT decline in the DJIA (20 percent):

Before 1 p.m.
2-HOUR HALT


1-2 p.m.
1-HOUR HALT


After 2 p.m.
MARKET CLOSES


In the event of a 2600-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.