Dow Jones sinks 4 percent in volatile trading

Dow Jones makes historic fall amid record growth

Ireland's benchmark Iseq overall index followed suit and finished 1.58 per cent weaker, with Glenveagh, down 2.5 per cent, and CRH, down 3.06 per cent, among the losers on the index. The last market correction ended nearly two years ago.

Wall Street anticipates that more government spending will force the Treasury Department to borrow more money by selling additional bonds.

Japan's Nikkei 225 average lost 2.8 percent to 21,240.05 in early trading Friday. Gold fell $7, or 0.5 percent, to $1,329.50 an ounce and silver dipped 9 cents, or 0.5 percent, to $16.58 an ounce.

The Dow Jones Industrial Average tumbled about 4.15% to 23,860, notching its second-worst point drop in history.

United States stocks have plunged more than 1,000 points for the second time this week and the stock market was now in a correction - 10 per cent off its record high just two weeks ago, the media reported. Higher interest rates, meanwhile, give central banks more leeway to stimulate the economy; should it fall into a recession, banks can trim rates again.

Despite the fears the correction may fan, economists and analysts generally point to recent strong corporate earnings figures among other indicators as a sign that the current slide won't deepen.

The double-digit percentage stock decline has occurred even though Wall Street stresses that the health of the economy, labor market and US businesses remain strong. Some investors saw the fastest rate of wage increases in recent times as a signal that the Fed might hike interest rates higher and sought to lock in gains, leading to the sell-off. That's less true for China, whose financial markets are more cloistered from global investors. The TSX is down 8.2 per cent from its all-time high of 16,412.94, set on January 4. The Australian ASX200 has shown a decline of about 3.2 percent.

The Dow Jones industrials are down 500 points, extending the market's losses.

San Bernardino family sues Starbucks after allegedly drinking barista's blood
A Starbucks representative told KTLA that the company is aware of the lawsuit and is prepared to present its own case in court. But they say that is not enough, according to KTLA , and are now pursuing the Seattle-based chain for far larger damages.

Multiple Teams Still Engaged in Talks for Tyreke Evans
However, Danny Ainge is reportedly "holding the line on what be believes is proper value" to the frustration of teams. According to ESPN.com , the Celtics are among four teams favored to land Evans before the deadline.

Durham University student Olivia Burt crushed to death outside nightclub
Durham Police have confirmed a 20-year-old woman died after suffering "serious injuries" near the Missoula night club. "The circumstances surrounding her death are unclear at this time", Durham Police said in a statement.

Tuesday was the busiest day of trading on the New York Stock Exchange since November 10, 2016, two days after the presidential election. The losses were steady, unlike the sharp swings seen over the past few days. Today, the 10-year bond is about 2.75 percent, not much more than the income an investor could receive from owning an S&P 500 index fund, which sports a dividend yield of about 2 percent. On Tuesday it rallied another $5.57, or 15.6 percent, to $41.19. The Nasdaq climbed 148, or 2.1 percent, to 7,115. Disney rose 1.5 percent and Amazon rose 1 percent.

The sharp swings came one day after the steepest drop on Wall Street in 6 ½ years.

The market got off to a mixed start on Thursday but has fallen steadily as the morning wore on. Boeing added 3 percent and JPMorgan Chase rose 1.4 percent. That's just about where it peaked on January 26, which suggests the easy money already has been made.

The broader S&P 500 lost 34 points, or 1.3 percent, to 2,647.

Snapchat owner Snap (SNAP.N) soared 47.6 percent after it reported surging growth in users and revenue in its latest quarter.

Hanesbrands sank 8.8 percent after its results came up short of analysts' foreacasts.

The S&P 500 index skidded 100.66 points, or 3.8 per cent, to 2,581.

The Dow was up 141 points, or 0.6 percent, at 24,483. The S&P 500 posted no new 52-week highs and 32 new lows; the Nasdaq Composite recorded 24 new highs and 113 new lows.

Related News:

  • North Korea says USA  is considering attacking them

    North Korea says USA is considering attacking them

    The 28-year-old sister of the North Korean leader will be the first member of the Kim family to cross the border into the South. The Mangyongbong 92 also carried hundreds of supporters to the South Korean port of Busan on its last visit in 2002.
    The Olympics Ramp Up Coed Competitions

    The Olympics Ramp Up Coed Competitions

    The 31-year-old started skiing whilst she was in the army and recently secured her personal best at the 2017 World Championships. Sprint (men's 12.5 km, women's 7.5 km) - The same format as individual, but half the length and with only two shooting segments.
    Dow Average Far From a 'Trump Slump'

    Dow Average Far From a 'Trump Slump'

    With global stock markets suddenly volatile again, investors might need a refresher on some of the terms being thrown around. We've become accustomed to there being no correction. "In the past, we'd have 10% corrections on average every 11 months".
  • Winter Storm Warning now expires at 7:00 pm

    Winter Storm Warning now expires at 7:00 pm

    The storm center will track near or just to the south of New England, but the atmosphere will be too warm for snow. The two systems we've had this week have been quick clippers that have dumped 2 to 3 inches of snow.
    Facebook testing 'downvote' option after calls for a 'dislike' button

    Facebook testing 'downvote' option after calls for a 'dislike' button

    The thumbs down reaction button, dubbed as dislike button by users, would be the "No" button, according to the company. With the limited testing, Facebook will now show " Downvote " in addition to "Like" and "Reply" below every comment.
    Traffic chaos worsens in snow-bound Paris

    Traffic chaos worsens in snow-bound Paris

    Up to 100 motorists were forced to spend the night in their cars after refusing to leave when the snow brought traffic to a halt. In all, around 1,500 people had to be sheltered between Tuesday night and Wednesday morning (local time).
  • United States  vows new North Korea sanctions ahead of Olympics face-off

    United States vows new North Korea sanctions ahead of Olympics face-off

    When asked by reporters if he would be willing to have some sort of interaction, Pence had said "we'll see what happens". The North has shifted to a peace offensive following a series of ballistic missile and nuclear tests in 2017.

    Tesla reports biggest-ever quarterly loss

    Tesla expects to deliver about 100,000 Model S sedans and Model X sport utility vehicles, in line with last year's 101,312. Tesla will make significant changes in the wiring and battery architecture to make it easier to manufacture than Model 3.
    Salman Khan's 'Kick 2' releasing for 2019 Christmas

    Salman Khan's 'Kick 2' releasing for 2019 Christmas

    Immediately as he made the announcement that translated, means, "I have found a girl", the tweet went viral all over social media. Bollywood's Disco Dancer Mithun Chakraborty who played Devil's father in the film, too enjoyed massive response.
  • Minimum wage increase to benefit both employees and economy: Premier John Horgan

    Minimum wage increase to benefit both employees and economy: Premier John Horgan

    A liveable wage is considered one that accounts for housing, food, clothing, transportation, recreation, savings and education. If it doesn't ease the plight of low-wage earners, the question of how to make their lives better must still be answered.
    Black tech workers are the lowest paid in the industry

    Black tech workers are the lowest paid in the industry

    Hired also found that white job candidates typically ask for a wage in the $130,000 range and their offers come in $6,000 higher. According to the report , the average salary for all tech workers is $135,000, an increase of 5 percent from its 2016 survey.
    Nancy Pelosi Lauds Colorado DREAMer Marco Dorado in Epic House Speech

    Nancy Pelosi Lauds Colorado DREAMer Marco Dorado in Epic House Speech

    When she finally stopped, she turned around to high-five her cheering colleagues before sitting down. While that bill is expected to pass easily in the Senate, the House will be a tougher sell.


Most liked

Here are the biggest one-day point drops in the Dow's history
Japan's Nikkei stock index closed down almost 4.7 percent Tuesday, recovering from a 7 percent plunge earlier in the day. US Treasury Secretary Steven Mnuchin said recent volatility was not enough to rock market fundamentals.

Currently Undervalued Or Overvalued? - Express Scripts Holding Company (ESRX), PG&E Corporation (PCG)
Moreover, Guggenheim Capital Llc has 0% invested in Central Securities Corp. 10,150 are owned by Pinnacle Assocs Limited. It dropped, as 42 investors sold DY shares while 98 reduced holdings. 72 funds opened positions while 224 raised stakes.

Care and Joseph set to start for England
I don't think they've lost at Twickenham in a couple of years (their last Six Nations loss was versus Wales in 2012)". Scotland couldn't cope with the expectation and now he's got to cope with the expectation of playing well .

Stock Jumping Abnormally High: Wells Fargo & Company (NYSE:WFC)
JPMorgan Chase & Co. cut shares of Wells Fargo & Co from a "neutral" rating to an "underweight" rating in a report on Monday. The slump began Friday as investors anxious that higher inflation and interest rates could derail the long-running rally.

Renuka Chowdhury Moves Privilege Notice Against Kiren Rijiju For 'Ramayana' Post
She demanded that Modi apologise to Chowdhury and the nation "for speaking in a manner that encourages disrespectful behaviour towards women".

OMB tells agencies to start notifying employees of possible lapse in appropriations
But now, he says, Republicans and Democrats are "spending us into oblivion". Republicans are eager to keep spending and immigration separate.

Streelman and Hossler share Pebble Beach lead
At Spyglass Hill, McIlroy had six birdies and two bogeys to finish alongside the likes of Jon Rahm and Shane Lowry. Dustin Johnson shot a 67 at Spyglass Hill without any stress Thursday, not that he ever shows any.

Message to Philadelphia Eagles fans: There's a parade on Thursday
Everybody wonders why we're so mean. "If I don't eat breakfast, I'm fucking pissed off!" No one liked this team. After that, Kelce had some words for Eagles coach Doug Pederson .

WATCH shock moment Heavy Falcon booster FAILED to land on drone ship
Thousands of onlookers in Florida could be heard cheering on the company's livestream, which was viewed by about 3 million people. Also, six of the recovered Falcon 9 boosters have been reused in subsequent missions, thus reducing the costs of each mission.

Akshay Kumar Supports 'Khelo India' Initiative
It took Muruganantham five years to develop the affordable pad and in the process he lost his wife and was kicked out his village. Kumar convinced his wife to turn the story into a feature movie with the goal of improving women's health in India .

United States budget agreement reached
Yet, Republicans and Democrats in the House threatened to hold it up even if it gets bipartisan support in the Senate . Pelosi, however, has reportedly avoided demanding that her Democratic colleagues formally oppose the spending bill.

Recommendation Trends for: Amazon.com, Inc. (AMZN), Callidus Software Inc. (CALD)
While for the Next 5 years, the company could expect a growth of 28.28% per annum, whereas in the past Five years Amazon.com, Inc. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.31.

House and Senate expected to vote on bipartisan budget deal today
The bill includes a two-year extension to fund community health centers for low income Americans. It also includes disaster relief for areas hit by last year's hurricanes and wildfires.

Mobile Reports 1.1M Net Postpaid Additions in Q4
Finally, using its 600 MHz spectrum holdings, T-Mobile US will seek to deploy the country's first nationwide 5G network by 2020. The increase in adjusted EBITDA to $2.7 billion in Q4 2017 and to $11.2 billion in 2017 was due to strong cost performance.

Tesla turns to Model Y, as Model 3 slowly exits "production hell"
However, Tesla reported that combined orders for Model S and Model X "grew significantly" in 2017 as compared to the year prior. Beyond instant torque or cheap Supercharging, the $35,000 price tag is the most important selling feature of Model 3.