Wall Street Yo-Yos in Early Trading Thursday

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The Dow Jones Industrial Average dropped 507 points, or 2 percent, to 25,090, after falling as much as 698. That pushed bond prices up and their yields down, ending a surge in yields that had touched off the market's current decline.

Although the losses were widespread, stocks that have been the biggest winners on the market, including technology companies and retailers, suffered steep declines. The S&P 500 closed at 2,785.68 for a loss of -94.66 points or -3.29%. That decline came after the Dow's largest single-day drop in history, when it fell 1,175 points earlier that month.

The S&P 500 has fallen more than two percent and the Nasdaq 100 Index's losses are approaching 10 percent on Thursday. That hasn't happened since right before the 2016 presidential election.

Tech stocks and companies that sell non-essentials to consumers have been some of the top performers over the previous year, gaining almost twice as much ground as the S&P 500. The Kospi in South Korea fell 3.6 percent to 2,148.97. Technology stocks fell especially sharply. Boeing lost 4 per cent to $370.04 and Alphabet, Google's parent company, gave up 3.2 per cent to $1,109.08.

USA markets suffered deeper losses Thursday, following on a global rout as investors lost their nerve over rising US interest rates and fresh worries about an economic slowdown.

Investors were concerned that the Federal Reserve will continue to raise interest rates and that this will slow economic growth and make borrowing more expensive for the US government, as well as businesses and consumers.

"Both companies highlighted rising costs, not only input costs but increasing operating expenses [and] marketing expenses", she said.

Insurance companies dropped as Hurricane Michael continued to gather strength and came ashore in Florida bringing winds of up to 155 miles an hour. Berkshire Hathaway dipped 4.7 percent to $213.10 and reinsurer Everest Re slid 5.1 percent to $217.73.

Further Australian support following the Sulawesi quake and tsunami
Hasnah said she has enough food and water but she's furious that a search and rescue operation in her area only began on Thursday. Rescuers who recovered the bodies told Hidayat his sister was found holding Aisah close. "They really need help", said Sidharta.

Those rates have been climbing after several encouraging reports on the economy.

Kinahan said investors want to know if Corporate America is anxious about the Trump administration's tariffs on Chinese imports and if it sees signs of slower economic growth.

But a recent International Monetary Fund warning on global growth taking a hit from trade disputes has hit confidence in the stock market, as has US Treasury yields at more than 7-year highs, signalling a tightening of capital globally.

All of those factors could threaten the impressive profits Corporate America has been reporting this year. Adams, of Bloomberg Intelligence, said investors have concerns about their future profitability, too. The Nikkei was down more than 3% in morning trading Thursday.

All three indexes hit records between August 30 and October 3, despite the escalating Sino-US trade dispute gnawing at confidence on corporate profit growth through most of the year.

"Equity markets were pulverized today as investors remain in full out retreat and even the most pessimistic of equity bears are still in shock by the sheer magnitude of the move", he added.

Stocks from emerging markets were also hard hit. The price of gold jumped 2.9 percent to $1,227.60 an ounce.

Bond yields and therefore interest rates have been rising for more than two years as the US economy grew strong.

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