MW: Stock market live blog: Global equities tumble on China turmoil
As Dow futures are down more than 300 points, there is some chatter on the Twittersphere whether the NYSE will invoke the Rule 48, a measure designed to smooth the opening of the market amid potentially volatile conditions.
The last two times the exchange invoked the rule was on September 1, 2015 and August 26, 2015 – that was when the stock market was smack in the middle of a correction.
According to Eric Hunsader, founder of Nanex LLC, there is only a 25% probability the rule would be invoked today.
