Dow needs to drop 1350 for 1 hr halt, 2700 for 2 hr halt and 4000 for daily halt, which equates to a 10,20 or 30% fall according to NYSE.
http://www.cnbc.com/id/22465881
NASDAQ has agreed, upon the request of the Securities and Exchange Commission, to halt domestic trading in all NASDAQ® securities and all equity and equity-related OTC securities should the NYSE declare a market-wide trading halt, pursuant to their rules. NASDAQ and FINRA member firms should become familiar with the percentage-based, circuit-breaker standards and be prepared for trading halts in NASDAQ and OTC trading should the Dow Jones Industrial Average (the Dow) decline to the applicable trigger-point levels established by this rule.
The point-decline thresholds at which trading is halted change every quarter, so that those thresholds may accurately reflect the current market. The thresholds are percentage-based levels of 10%, 20%, and 30% declines in the Dow. The actual numerical points will be determined based on the state of the market each calendar quarter. For the first quarter of 2008, as shown in the table above, the thresholds are 1350-, 2700-, and 4000-point declines.
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