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The mechanism is designed to halt free-falling prices by stopping trading if stocks fall by 7percentt.
And stocks fall.
Of course when stocks fall, investors look for havens.
Whenever stocks fall sharply in a short span of time, people tend to panic.
After an initial pop, many newly issued stocks fall back, sometimes dramatically.
When such companies fail to deliver on investor expectations, their stocks fall hard.
Similar(7)
[C3.] Stocks Fall on Earnings Concerns Stocks fell as some investors voiced concerns about profits.
[C5.] Early Rally Fizzles as Stocks Fall After an early rally, stocks fell.
[C14.] Stocks Fall on Rate Worries Stocks fell on interest rate concerns.
[A10.] Stocks Fall on Disappointing Earnings Reports Stocks fell yesterday, pressured by disappointing earnings from Intel and Yahoo.
[C1.] Stocks Fall on Corporate Profit Warnings Stocks fell sharply as several companies warned of profit shortfalls and higher costs.
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