Febrero 19, 2018

Stock losses deepen in midday trading

10 Febrero 2018, 12:01 | Dolorita Barahona

GETTYAnalysts expect the Dow Jones to fall heavily on opening

GETTYAnalysts expect the Dow Jones to fall heavily on opening

Asian stock markets endured another disappointing session in general, with Hong Kong's Hang Seng down 0.9 per cent at 30,323.30 while Japan's Nikkei 225 stock average closed up 0.2 per cent at 21,645.37. American Express and Intel were the two biggest losers on the Dow. South Korea's Kospi had declined 1.5 percent.

US President Donald Trump, who has repeatedly praised Wall Street gains during his first year in office, on Wednesday dismissed recent market rout, saying stocks should not be falling amid strong economic news. The Dow dropped 1,032 points, or about 4.2 percent, to close at 23,860 - the second time it has lost more than 1,000 points over the past week. While U.S. companies mostly did well at the end of 2017, a number of them had a weak finish to the year.

At Thursday's opening bell, it bounced from positive to negative, then headed down sharply. The Nasdaq climbed 148, or 2.1 percent, to 7,115.

The drop comes on the heels of a similar plunge Monday that erased the stock market's gains for the year.

Stocks are sinking again Thursday, extending a streak of losses that has yanked the market away from record highs. The Dow moved in a range of more than 1,000 points.

Wall Street has failed to stage a lasting rebound from Monday, when fears about the bond market sent the Dow plunging a record 1,175 points. The Nasdaq composite index was down 274.82 points, or 3.90 per cent, to 6,777.16.

The historic drop also erased the index's gains for the year.

A weaker pound tends to support the FTSE 100, whose companies rely on overseas markets for around three-quarters of their earnings.

On Monday, the Dow finished down 4.6 percent while the S&P 500 sank 4.1 percent. If bond yields start to rise, investors will want to take some of their money out of stocks and put it into safer bonds.

He did keep an eye on the market's performance during his congressional testimony Tuesday morning.

Do you think Dow Jones volatility can mirror that of cryptocurrency markets? "It is now up 187 points so we are back up today". But, he says, there are still valid concerns weighing on the market. "The fundamentals in terms of the long term are very strong".

As a result of this continuing volatility at the Wall Street, the euro has risen against the U.S. dollar.

Well, sort of. Typically, market watchers rely on the S&P 500 index to gauge the health of the broad USA market instead of the 30 stocks in the Dow.

The wild swings Tuesday marked the third day of volatility in global markets.

Oil sank as record-high USA crude output added to concerns about a sharp rise in global supplies. Microsoft lost 2.3 percent. Brent crude, the global standard for oil prices, gave up 70 cents, or 1.1 percent, to $64.81 per barrel in London.

US stock markets fell sharply Thursday, with the Dow Jones industrial average tumbling 1,033 points, or 4 percent, to 23,860. The fourth biggest drop came on September 17, 2001, the first day of trading after the 9/11 terror attacks.

Bond prices recovered most of an early loss, sending yields slightly higher.

The dread that gripped equity markets earlier in the week re-emerged Thursday as USA stocks plunged on concerns that rising interest rates will drag down economic growth.

Among stocks, Walt Disney was up 1.9 percent in premarket trading after the media company's quarterly profit topped forecasts.

The benchmark Standard & Poor's 500 index is now down 8 percent from the record high it set January 26.

The pan-European FTSEurofirst 300 index lost 1.66 percent and MSCI's gauge of stocks across the globe shed 1.32 percent.

Otras noticias

Tendencias Ahora

White House backpedals on Porter support: "We all could've done better"
Ambassador to the UN Nikki Haley listed Shah among the top Indian American performers working under the Trump administration . And right now she's in a bad place for a press-shy person to be: In the middle of not one but two White House scandals .

Winter Olympics 2018: Vonn's four-legged friend steals the show
On this chilly November morning, she isn't just a four-time overall World Cup champion or a head-turning magazine cover star. And her sister Karin rags on a magazine story calling fellow American Mikaela Shiffrin the greatest skier of all time.

John Kelly: Many Immigrants are 'Too Lazy' to Apply for DACA Protections
The CR gave lawmakers until February 8 to pass a budget that includes immigration reform or risk another government shutdown . If so, what happened to the March 5 "deadline" the Trump administration said they'd fully end DACA by?

A winter storm watch is in effect Thursday night through Friday evening
Quiet weather conditions will continue through the overnight hours with skies becoming partly-mostly cloudy. Meanwhile, snow will develop in northern in overnight and very heavy snow could continue through Friday .

Senators To Examine USA Gymnastics And US Olympic Committee Over Nassar Abuse
One alleged victim who spoke to police in January said she didn't realize Schneider's behavior was inappropriate until recently. USAG also cut ties with Karolyi Ranch, a secluded camp where it sent Olympic gymnasts and children to train.

Qualcomm rejects Broadcom's 'best and final' takeover bid
That cash influx fuels industry-leading research and design, which in turn helps the chip unit build the most advanced products. Qualcomm would also get an annual "ticking" fee if securing antitrust authorities' blessing takes more than a year.

Dow Jones industrials plunge 1000 points
Schlafer said he got several calls Monday from uneasy investors and called several other clients just to reassure them. The fragile rebound lifted the market a bit, and the Dow and S&P 500 are now about 8% off their from all-time highs.

Uber settles Waymo driverless auto suit, said to pay $245 million
Uber has said while Levandowski downloaded the files, the data never made their way into its own self-driving vehicle designs. Basically, GRR is a piece of software that's installed on corporate-issued devices like Levandowski's laptop.

Winter Olympics: Opening ceremony sees historic handshake
Pence meant to counter "what Prime Minister Abe rightly called a "charm offensive" around the Olympics" by the North, he said. "Right now, I see South Korea and North Korea as two entirely separate countries, with more differences than commonalities".

United States stocks tumble as Dow sheds another 1000 points
The 10-year Treasury bond also reached a four-year high of 2.88 percent on Thursday, bringing about concerns of rising inflation. The Standard & Poor's 500 index, the benchmark for many index funds, also fell sharply after relinquishing early gains.