
Here's what you need to know about what's going on with the stock market.
Monday's slump in United States stocks was a break from many months of relative steady gains and left market participants grappling with an implosion of products that bet against volatility. In this case, that was less than two weeks ago, when the Dow closed at a record high of 26,616. It's still up 15 percent over the past year.
Japan's Nikkei 225 index skidded 6.1 percent to 21,296.03 by early Tuesday afternoon.
The wild swings Tuesday marked the third day of volatility in global markets. Earlier, volatile equity markets led investors to seek out lower-risk bonds, but many investors remained nervous after a week-long bond rout sent yields on Monday to four-year highs. Brent crude gave up 70 cents, or 1.1 percent, to $US64.81 per barrel.
Two days of steep losses have erased the US market's gains from the start of this year, ending a spate of record-setting calm for stocks.
Earlier European shares closed up 2.0 percent, snapping a seven-day losing streak, while a world stock index was up slightly. The Dow surged 567 points higher on Tuesday, and at one point Wednesday it was poised for a two-day gain of nearly 1,000 points.
Asian markets followed Wall Street down after the Dow entered "correction" territory for the first time in two years. "Today, when good news is reported, the Stock Market goes down". "South Korean markets started higher in the morning but investors are more anxious that US markets will see further sell-offs tonight". Futures markets suggested another, but more moderate drop, in the US, with the Dow and S&P 500 futures down 0.8 percent and 0.2 percent.
Company stock datas that defines today's share market: Adobe Systems Incorporated (ADBE)
Spectrum Asset Management (Nb Ca) holds 0.43% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 3,365 shares. Baird set a $160.00 target price on Adobe Systems and gave the stock a "buy" rating in a report on Friday, October 6th.
Media Correctly Reports Nancy Pelosi's Speech Wasn't a Filibuster
Ms Pelosi's speech came as senate leaders agreed a two-year budget deal which they hope will avoid another government shutdown . We're not sure how she did it, but we'd suggest something a little more comfortable the next time she takes the floor.
Turkish president says helicopter downed in northern Syria
At least eight residents remained missing when the search was suspended at nightfall, one rescuer said. Since the start of the conflict, the Israeli Air Force has repeatedly attacked targets inside Syria.
"If you put $100 into the market at the January 26 peak, you'd still have $90", said Greg McBride, chief financial analyst for Bankrate.com.
It's unclear if the global markets are really moving in "lockstep", as some observers have suggested, but uncertainty abounds. His promises for big corporate tax cuts helped lift the Dow more than 8,000 points, though it has since given back about a quarter of that surge.
While Wall Street has been calling for a correction for some time, given the market's euphoric rise, the fall has been more violent and quicker than anticipated.
Oil prices also weighed on the index, with benchmark USA crude down 1.3 per cent to $63.35 per barrel. The Nasdaq Composite Index tumbled 274.82 points, or 3.90 perc ent, to 6,777.16.
The Canadian dollar was trading at 79.80 cents USA, down from Monday's average price of 80.11 cents.
In currency trading, the dollar fell to 109.02 yen from 109.54 yen late Tuesday. Falls like this have not been registered since August 2011 when investors were fretting over Europe's debt crisis and the debt ceiling impasse in Washington that prompted a USA credit rating downgrade.
For context the index was down 4.6% yesterday. The euro slipped to $1.2372 from $1.2377.
Related News:
-
VLC 3.0 exits beta, adds Chromecast support, faster seeking, and more
VideoLAN said it used Google's official closed-source SDK to build out the feature, which prevents it from releasing the source. To remind you, VLC is a massively popular cross-platform media player, which supports playback of pretty much all media types.Back to Earth: Tesla's losses grow with Model 3 delays
Musk says Tesla is closing in on its goal of producing a whopping 5,000 Model 3 sedans per week. That said, the Model 3 assembly line is nearly completely automated for the first time.Coutinho Off The Mark As Barcelona Reach Copa Final
Pique looked to be in pain on the bench and Valverde admitted his concerns about the centre-back fitness following the game. Jose Luis Gaya almost made the aggregate score 2-1 but Cillessen made a miraculous, handball-type save at point-blank range. -
Rangasthalam teaser features Samantha Akkineni at her most natural, chirpy avatar yet
In the film, Samantha takes a departure from glam roles like Mersal and takes on a completely different avatar. Ram Charan and Samantha-starrer period village drama, Rangasthalam is creating good buzz.Facebook testing "Downvoting" of comments
However, the social network denied that the new feature was a "dislike" button, which many Facebook users have requested. Reddit founder and CEO Alexis Ohanian noticed that of course and tweeted that he wished he had trademarked it.Xiaomi Mi 7 with 8GB RAM likely to make debut in April
Apart from this, some major changes are made to the phone's hardware that already make it much better than its predecessor Mi 6. To draw a comparison, the Xiaomi Mi 6 came with options of 4GB and 6GB of RAM and a 3,350mAh battery underneath. -
Hong Kong bus overturns, killing at least 19 people
Nineteen people have been killed in a double-decker bus crash in Tai Po as a rescue operation continues, police have told HKFP. The bus, operated only on race days, was packed with passengers leaving the Sha Tin horse-racing course.PM Modi arrives in UAE on his second visit to Gulf country
India recognized the Palestine Liberation Organization (PLO) early and then the State of Palestine in the early 1980s. President Pranab Mukherjee's visit to Palestine in October 2015 had been the first by a Head of the State of India.Britain "surprised" EU unclear on its position over transition period
According to the report, the best-case scenario is a single market deal, but this would still stall economic growth by 2 percent. Mr Barnier said time was "very short" for both sides to strike a deal to stop a cliff-edge departure on Brexit day. -
Cavaliers acquire Rodney Hood, George Hill in three-team deal
He is averaging 16.8 points per game while shooting 38.6 percent from three-point range, giving the Cavs another shooter. They sent out Shumpert and a 2020 second-round pick via the Heat to the Kings, while Crowder and Rose go to the Jazz .No Royal Wedding performance for Sam Smith: "That's definitely not happening"
Just take one look at her Instagram and tell us she doesn't bare a striking resemblance to the future royal. With Meghan counting the likes of Serena Williams and her Suits on-screen partner Patrick J.Speaker Ryan says DACA immigration debate 'next big priority'
But after surveying the Democratic caucus, she said the absence of immigration legislation was a deal breaker for some members. Nondefense spending limits would be raised by $131 billion over two years - $ 63 billion this year and $68 billion in 2019.