Friday, 19 October 2018
Latest news
Main » Dow Jones hit by worst fall since 2008

Dow Jones hit by worst fall since 2008

06 February 2018

"It's actually a good thing to get a little reality back in the market and let people realize 'okay, that's what it's really about. markets don't move in straight line, '" Douglass says.

He said it started the Friday after a Labor Department Jobs report showed wages went up almost 3 percent.

By early afternoon in Asia, Dow and S&P futures were both down more than 4 percent, suggesting a weak open for USA markets.

Michael Hewson, chief market analyst at CMC Markets UK, said the stock market falls had been "a long time coming".

NFL Experience lets fans immerse themselves in Super Bowl
In the end I expect the Patriots to force Foles and the Eagles into mistakes that will cost them this game. Plus, it's kind of interesting that the Raiders played both of this year's Super Bowl teams this fall.

The U.S. dollar rose against a basket of currencies as the U.S. bond market selloff levelled off. The Standard & Poor's 500 index (S&P 500) declined 4.1 percent to 2,648.94 points. It closed trading 1,177 points lower. The biggest drop ever was October 19, 1987, a day known as "Black Monday".

But the sell-off began last week after a solid U.S. jobs report fuelled expectations that the Federal Reserve will raise interest rates faster than expected. The index has now erased all gains for the year.

The 4.6% slump was the index's biggest percentage drop since August 2011, while the broader S&P 500 suffered a similar fate, down 4.1%.

The previous record for daily point losses was set on September 29, 2008 at the start of the global financial crisis, when the Dow fell 777.68. On Monday, the drop was only four percent.

Ozil signs new contract with Arsenal until 2021
Arsenal are playing catch-up, siting eight points off the top-four, with time running out to secure a top-four finish. It would also be a waste of their finishing talents to play one of them out of position.

Frederick an uptick in inflation indicators, including a decline in productivity, the expectation the Federal Reserve will hike interest rates could have influenced the volatility in the market on Monday.

Bristol-Myers Squibb was up 3.2 percent after the drugmaker said a late-stage trial for a lung cancer drug met its main goal.

Qualcomm fell 2.3 percent after Broadcom raised its offer to buy the chipmaker.

The S&P 500 posted 1 new 52-week highs and 38 new lows; the Nasdaq Composite recorded 17 new highs and 164 new lows.

Trump slams own Justice Department and Federal Bureau of Investigation
Will that matter to Trump? Asked if he was more likely to fire Rosenstein and if he still had confidence in him, he retorted. He hinted it focused on the State Department's role in the Russian Federation investigation during the Obama administration.

Bond yields go down as demand, and therefore prices, go up. Oil issues were sold following a deceleration in crude oil prices. "They were anxious about inflation, and interest rates and that started selloff", Petrick said.

Dow Jones hit by worst fall since 2008