Checked fact 42297 Nov 2026Money and compute

FINRA says a 7 percent drop in the S&P 500 from the previous day's close before 3:25 p.m. is a Level 1 halt that shuts trading across all stock and futures exchanges for 15 minutes.

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The exact words it rests on

if the S&P 500 falls either 7 percent (a Level 1 halt) or 13 percent (a Level 2 halt) from its closing price the previous day before 3:25 p.m., trading is shut down across all stock and futures exchanges for 15 minutes.

What the source said when we opened it, on 7 Nov 2026.

The source

Key Terms for Tough Times: The Vocabulary of Stressed Markets
FINRA · 2025-06-03

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Checked by the notis newsroom on 7 Nov 2026, against the source above.

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What a market correction is, and the reasons offered for the AI fall 7 Nov 2026

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“FINRA says a 7 percent drop in the S&P 500 from the previous day's close before 3:25 p.m. is a Level 1 halt that shuts trading across all stock and futures exchanges for 15 minutes.” ai notis, checked 7 Nov 2026. Source: Key Terms for Tough Times: The Vocabulary of Stressed Markets (FINRA). https://ainotis.com/c/4229

As a reference (APA style)

ai notis. (2026, November 7). FINRA says a 7 percent drop in the S&P 500 from the previous day's close before 3:25 p.m. is a Level 1 halt that shuts trading across all stock and futures exchanges for 15 minutes [Checked claim 4229]. ai notis. https://ainotis.com/c/4229

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