Sheriff's office received 20 calls about Florida shooting suspect
Indian police arrest three in $1.8 billion PNB fraud case
Hanyu magic as snowboarder Ledecka pulls off ski shock
NASCAR's Youth Movement On Display At Duels
Amy Schumer and chef Chris Fischer marry in an private ceremony
US, European stocks up sharply, oil prices fall
09 Febrero 2018, 08:35 | Dolorita Barahona
Markets Right Now Asian markets track plunge on Wall Street
The Dow plummeted more than 1,000 points - the second time this week it fell more than four figures - confirming many analysts' predictions stocks would remain volatile as the market tries to rebound from a historic, ongoing sell-off.
Many are bracing for more wild swings ahead as the Cboe Volatility index is holding at twice its level from a week ago.
Hitting those support levels would represent an 11% correction for the S&P and a 15% selloff for the Dow from their January 26 all-time highs.
"The economy clearly can handle gradually rising interest rates", he told reporters afterwards. Unemployment is historically low, and there are more open jobs than people to fill them.
While that's good news for workers, it has sparked concerns about inflation. Businesses will eventually have to raise prices on the stuff they sell to afford their growing payrolls. Friday's U.S.jobs report showed wages grew at a faster pace in January, and investors anxious that that means inflation is speeding up, and that the Federal Reserve will have to raise interest rates faster than previously expected in order to keep that inflation in check.
The Fed planned on raising interest rates slowly this year - just three times in 2018.
Experts expect more ups and downs to come. In fact, more than $100 billion flowed into stocks globally at the beginning of 2018, according to Bank of America/Merrill Lynch data. Investors remain fearful that signs of rising inflation and higher interest rates could bring an end to the bull market that has sent stocks to record high after record high in recent years.
The move lower will provide investors with cheaper stock valuations that are closer to historical norms and will be constructive for the market in the long term, Kenny said.
Earlier European shares closed up 2.0 percent, snapping a seven-day losing streak, while a world stock index was up slightly.
Hanesbrands, which makes underwear, T-shirts and socks, reported a smaller profit than investors expected, and its forecast for the current year didn't live up to analysts' estimates either.
Stocks have also been on a tear because they have been one of the only investments with a decent return. A 3 per cent yield is looked upon by investors as a motive for people to flee the risk of stocks for the relative safety of bonds. That's less true for China, whose financial markets are more cloistered from global investors. "It seemed to me more machine-driven and not really capitulation-driven, so again I think more time is required before the ultimate shakeout is all said and done".
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 .
Illegal Cars Pulped in Corruption Omen — Philippines
Thousands of Filipinos were killed by the police , in what the authorities said were shootouts, or by unidentified gunmen . Meanwhile, Roque slammed the administration's critics, whom he said were behind the attacks against the war on drugs .
Filipina missing after Taiwan quake identified
A 50-year-old woman surnamed Wang said the quake and aftershocks had left her so shaken she didn't dare sleep in her home. Due to the structure's slant, Taiwanese media said, rescuers struggled with dizziness and vomiting during search efforts.
Markets Right Now: Dow falls another 500, then recovers
XIV, the second-largest publicly traded product tracking swings in the S&P 500 , will cease trading on 20 February, the bank said. Great Britain's FTSE 100 was down almost 2% in London at roughly noon local time, reflecting similar drops in France and Germany.
Dow drops more than 1100 points
During the 2016 presidential campaign, Trump alleged that Yellen kept interest rates low for political reasons to benefit Obama. In addition, the Fed expanded its bond portfolio, from just shy of $800 billion at the end of 2007 to more than $4.5 trillion.