Executives of U.S. stock markets agreed during a conference call Monday to a proposal to close for the day if the Dow Jones industrial average falls 10% after 2:30 p.m. New York time or 20% at any time.

The proposed change, crafted by New York Stock Exchange staff, is to be submitted to the NYSE board Feb. 5.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.