The Tell
Circuit breakers were built into the fabric of the stock market to mitigate panics
Last Updated: April 4, 2025 at 1:46 p.m. ET
First Published: April 3, 2025 at 12:28 p.m. ET
The market sell-off tied to President Trump’s “reciprocal” tariffs entered a second day on April 4. After the S&P 500 SPX dropped 4.8% on Thursday, the index continued its slide on Friday, falling more than 5% in midday trading.
With the S&P 500 falling at this rate, the stock market could be at risk of triggering a circuit breaker.
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