The Dow Jones industrials plunged more than 1,000 points Thursday, deepening a weeklong sell-off and dragging the stock market into an official "correction" for the first time in two years as fearful investors sought to get out before their losses mounted.
Though many stock indexes are close to where they started the year, the losses mark a major reverse following a sustained period of gains, a pullback that market pros have been predicting for some time.
That sign of inflation has market participants anxious that the Federal Reserve will increase interest rates, perhaps more aggressively than the three rate hikes already expected for this year.
Shaken out of many months of calm, Wall Street braced for a higher level of volatility in the days ahead, after a roughly 2 percent rebound in USA stocks on Tuesday followed the biggest one-day selloff in more than six years.
The stock market went on a wild ride again on Monday, with the Dow Jones industrial average closing down 1,175 points, its worst point drop in history. With those declines, the indexes confirmed they were in correction territory, both falling more than 10 percent from their January 26 record highs and leaving investors anxious about how much longer the selloff may go.
In Tuesday's trading, high-dividend companies including utility and real estate companies fell, as bond yields increased after a sharp drop on Monday.
Investors anxious that rising wages will hurt corporate profits and could signal an increase in inflation that could prompt the Federal Reserve to raise interest rates at a faster pace, putting a brake on the economy. The Dow moved almost 500 points during trading Wednesday before closing down 19 points, or 0.08 percent, at 24,893. The FTSE 100 index of leading British shares was 2.3 per cent lower at 7,170 while the CAC 40 in France fell 2.2 per cent to 5,171. European stocks saw across-the-board losses, led by Germany's blue-chip DAX, which lost 2.6 percent, or 330 points. Gold, for example, was up 0.5 per cent at $1,343 an ounce.
LeBron James: This is what I really think about Isaiah Thomas Even pieces such as Tyreke Evans and Marco Belinelli wound up staying with the Memphis Grizzlies and Atlanta Hawks , respectively. The Pistons are 5-0 since the trade, and Griffin (21.5 ppg, 7.8 rpg, 6.3 apg with Detroit) has been spectacular.
"Investors are nervous about three things", said Larry Hatheway, an economist and Zurich-based asset manager.
Consider this: The S&P 500 has risen or fallen 1% five times in the past two weeks. The S&P 500, for example, has fallen 7.8 per cent since it set its latest record high on January 26.
US 10-year yields rose back as high as 2.80 percent after approaching two-week lows around 2.65 percent on Tuesday.
In the foreign exchange market, the dollar was flat after earlier hitting two-week highs against a basket of major currencies as investors reduced bearish bets on the greenback.
On Monday, the Dow finished down 4.6 percent while the S&P 500 sank 4.1 percent, to 2,648.94. It has been an uncommonly long time since the last market correction, which ended nearly two years ago. Natural gas gave up 1 cent to $2.70 per 1,000 cubic feet. Amazon rose 2.2 percent. The stock dropped $2.39, or 10.9 percent, to $19.57. Hong Kong's Hang Seng skidded 5.1 percent and South Korea's Kospi declined 1.5 percent.
The Dow was up 264 points, or 1.1 percent, at 24,122. Based on a recent bid, its distance from 20 days simple moving average is -7.46%, and its distance from 50 days simple moving average is -3.49% while it has a distance of 24.85% from the 200 days simple moving average.
About 10.5 billion shares changed hands in US exchanges, well above the 8.2 billion daily average over the last 20 sessions.
Our correspondent reports that several heavyweight candidates including from Congress, UDP and BJP have their nominations. Zeliang filed his papers as the ruling Naga People's Front (NPF) candidate from Peren assembly constituency.
He won 21 caps for the Republic of Ireland over 16 years, breaking through at Celtic before he moved to Old Trafford in 2004. He went on to play for Leeds, Sunderland and QPR before returning to Scotland with Hibernian.
In one study, researchers found that nearly 20 percent of those with psoriasis suffer from some form of depression. Doctors could be advised to monitor moods in acne patients, helping them get treatment if necessary.
This is calculated by taking the earnings per share and dividing it by the last closing share price. 12,339 are held by Ahl Llp. The Spirit Of America Management Corp holds 663,261 shares with $19.12 million value, up from 652,061 last quarter.
Ryan has said House Republicans would bring an immigration measure to the floor only if it had the support of President, as well. Pelosi started speaking around 10 a.m. and yielded the floor at 6:11 p.m.
STXfilms' new comedy I Feel Pretty is written and directed by the team of Abby Kohn & Marc Silverstein . Schumer came aboard "I Feel Pretty" in April 2017, shortly after leaving Sony's "Barbie" movie .
Two out of the three boosters on this rocket were re-used , and two of the three boosters survived the return for re-use. Some conspiracy theorists claim an object spotted behind Elon Musk's Tesla auto is actually an alien craft.
Vice-President Mike Pence and his wife were seated beside the Moons and next to Japanese Prime Minister Shinzo Abe and his wife. New Zealand were the seventh country to march at PyeongChang Olympic Stadium per order of the Korean alphabet.
Though the details surrounding Cathey's death have not been revealed, sources told TMZ he had been battling lung cancer . His other roles included "Oz", " The Fantastic Four ", "Se7en", " Outcast ", and the documentary "The People Speak".
The Rays announced during a press conference on Friday that they officially intend to move the team from their current St. The Rays have confirmed with ABC Action News that a news conference is planned for 1:30 p.m. on Friday.
This could be the worst week for stocks since 2008
In 1987, the Dow plunged 508 points in one day-and sustained a loss of 22.6%, the largest one-day decline in the Dow's history. The suspension of shares in Produce Exchange Trust Company prompted fears of a market bubble in industrial stocks.
Trump, Kim impersonators booted from Olympics
International Olympic Committee President Thomas Bach then handed the podium to Moon, who declared the Olympics officially open. Thursday (Feb. 8) night's coverage was the first time NBC presented its evening coverage live across all USA time zones.
Prince William talks about Kate having twins
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Star corruption trial witness Todd Howe arrested
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