Febrero 21, 2018

Dow Jones makes historic fall amid record growth

09 Febrero 2018, 11:57 | Dolorita Barahona

Stock Market drop more than a scare?

Jerome Powell chairman of the U.S. Federal Reserve center shakes hands with attendees after taking the oath of office in Washington D.C. on Monday. Powell sworn in as the 16th chairman of the Fed is inheriting a U.S. economy in its third-longest

Strong economic performance and prospects with the then-recent United States tax reforms had fuelled a bull market which saw the measure's value rocket up 1,000 points in 12 days.

"The colossal range on the USA indices sum up how irrational equity traders are at the moment, and while some go bargain hunting, others are fearful we could see another leg lower".

The biggest losses went to high-dividend companies including utility and real estate companies, as bond yields increased after a sharp drop on Monday.

The benchmark Nikkei dropped more than 1,600 points before recouping some losses to end the session down 1,071 points or 4.73 percent at 21,610.24, marking its steepest fall since June 2016.

USA stocks closed lower in an up-and-down session on Wednesday, dragged down by tech and energy shares, as investors adjusted to a more volatile market following wild swings of the past few sessions. The NASDAQ dipped 273.42 points, or almost four percent.

The Standard & Poor's 500 index, the benchmark most professional investors and many index funds use, dropped 4.1%, to 2,648.94.

At 10:09 am ET (15:09 GMT), the Dow Jones Industrial Average was up 228.25 points, or 0.92 per cent, at 25,141.02. "That basically means good news now is bad news".

Peter Kenny, independent market strategist, said large investors probably led the rebound as they picked up beaten-down stocks when the Dow entered correction. The markets have heated up in the past year, and some saw yesterday's downturn as a needed correction. The S&P 500 dropped over 1% the day Janet Yellen was sworn in and 2% the day Ben Bernanke took over.

Reitzes said that fundamentals certainly were not driving the "market turmoil".

Traders work on the floor of the New York Stock Exchange in New York, U.S., February 6, 2018.

But historically, pullbacks for stocks are normal, and investors shouldn't be surprised if stocks drop by 5 percent or even 10 percent before they begin rising again. It was a similar story in France and the United Kingdom, whose indices opened 3 and 2.5 percent lower respectively.

The stock market sell-off accelerated on Friday when the US Labour Department released employment numbers which showed stronger growth in wages than was anticipated.

Gains in industrial and consumer discretionary stocks led advances on the S&P and the Dow. Brent crude, which is used to price global oils, shed 73 cents to $66.89 per barrel.

The dollar rose to its highest in more than a week against a basket of currencies as traders piled back into the greenback amid the rout in stocks.

On Monday, the Dow finished down 4.6 percent, the biggest decline in percentage terms since August 2011, when investors were fretting over Europe's debt crisis and the debt ceiling impasse in Washington that prompted a US credit rating downgrade.

Otras noticias

Tendencias Ahora

Donald Trump Endorses Two-Year McConnell - Schumer Budget Deal
In her eight-hour, seven-minute speech - a House record - Pelosi said she would reject the budget deal unless Speaker Paul D. Among the other provisions included in non-defense spending were disaster relief and Medicaid for Puerto Rico and the U.S.

Senate Spending Deal Includes Boost for Military, Disaster Aid
Schumer relented on that point after McConnell agreed to an open debate on immigration bill starting next week. Disaster relief: Provide between $80 billion and $90 billion for hurricane and wildfire disaster relief.

PadMan movie review: Akshay Kumar turns desi 'superhero' to flag period talk
Earlier, the film was scheduled to release along with Sanjay Leela Bhansali's Padmaavat , but Akshay Kumar cleared the way. I know girls from very progressive backgrounds like mine that still have a sense of shame and secrecy about it'.

Kevin Durant (hand) questionable vs
Even Roberson, an all-world defender with a questionable jumper, found a way to be effective in the Thunder's star-laden offense. The Dallas Mavericks and Golden State Warriors meet Thursday in National Basketball Association action at the Oracle Arena .

Memo unveils alleged abuses in Federal Bureau of Investigation
It turns out, the chairman made minor grammatical edits and a few substantive changes that either the or the Democrats requested. The Nunes memo revealed information that should trouble every single American, while raising several new lines of inquiry.

Rep. Himes: Dem. Memo Will Be Released Despite WH Resistance
One interesting statistic jumps out: It is a plurality-Latino district (44 percent), meaning it has a nonwhite majority. That "dossier" file was cobbled together by Christopher Steele, a former UK spy and an apparent FBI informant.

Asian shares tumble after Dow has worst day since 2011
And that should lift stocks, making them a far better investment even if bond yields do drift above 3% over the next year or two. The Dow closed at 24,912, a 2.33 percent gain, while the S&P 500 finished up 46.27 points to 2,694, a 1.75 percent increase.

Olivier Giroud: 'Only club I wanted to sign for was Chelsea'
He joined Arsenal from French side Montpellier in 2012 and his goal tally has hit double figures in each of his last five seasons. In fact, Giroud's total of 17 substitute goals is almost twice as high as anyone else's. "They (Swansea) were more decisive".

Federal government will intervene if needed on Trans Mountain: Carr
Alberta has already responded by ditching talks about importing B.C. electricity and cutting off B.C. wine imports. Horgan said Wednesday it is not in anyone's interests to fuel the spat between the two provinces.

White House Under Fire Over Aide Accused Of Serious Domestic Abuse
She claimed that shortly after their first anniversary Porter pulled her all naked from the shower and then verbally abused her. The bar is set higher for business leaders, sports figures, teachers, members of the military and even (recently) entertainers.