Dow ends brutal session with 3.1% loss, Nasdaq down 4%
11 Octobre, 2018, 03:28 | Auteur: Auguste Feret
USA government bonds resumed a selloff after rising to multi-year highs last week, with the 2-year yield rising to 2.906%, its highest level since June 2008.
US stocks plunged to their worst loss in eight months on Wednesday as technology companies continued to drop.
It was the fifth negative day for the S&P 500, and the longest losing streak during the Trump presidency.
Trade-sensitive industrial stocks also fell as tensions between Washington and Beijing persisted.
Today technology stocks saw their worst overall day since 2011 as investors concerns continue to mount over rising interest rates.
Highly performing companies are often hit the hardest when fears rise over rapidly increasing interest rates and the S&P Information Technology Index (INDEXSP:SP500-45) is comprised of some of the world's most valuable technology stocks such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL), and Facebook (NASDAQ:FB).
In further evidence that stocks can rally despite rising Treasury yields, LPL Research found that in all 12 periods of rising 10-year yields since 1996, the S&P 500 ended the period higher than it began, according to senior market strategist Ryan Detrick.
The Dow Jones has dropped by 3.2 per cent to 25,599 points. The pan-European FTSEurofirst 300 index of leading regional shares closed down 1.57 percent.
This time around, strong economic data anxious bond investors, who sent the benchmark yield on Tuesday to 3.261 per cent, the highest since early May 2011.
Sears hires a bankruptcy expert
The retailer warned last month it may go out of business if the deals proposed by Lampert were not approved. Sears and Kmart had 89,000 employees as of February 3 of this year, according to a company filing.
The Standard & Poor's 500 index fell 94 points, or 3.3%, to 2,785 on Wednesday, its biggest one-day loss since February 8.
Big moves in interest rates tend to unsettle investors, and they can also push them to sell stocks and buy bonds instead.
U.S. stocks notched solid gains in the third quarter as investors brushed aside worries about trade wars and focused on strong corporate earnings and solid United States economic data.
Tom Cahill of Ventura Wealth Management said investors were unnerved by remarks from luxury company LVMH of a crackdown on some goods in China amid the country's bitter dispute with the US. Higher rates can slow economic growth, erode corporate profits and make investors less willing to pay high prices for stocks. A move of more than two deviations, or 40 basis points now, leads to negative S&P 500 returns, Goldman says.
Oil prices fell more than two percent as US stocks plunged, even though energy traders anxious about shrinking supply from Iran due to US sanctions and kept an eye on Hurricane Michael, which closed almost 40 percent of US Gulf of Mexico output.
Jason Clarke and Amy Seimetz star, with John Lithgow , Alyssa Brooke Levine , Hugo Lavoie , Jeté Laurence , and Obssa Ahmed . Lorenzo di Bonaventura (1408, Transformers) is producing along with Mark Vahradian and Steven Schneider (Insidious).
And it comes as the president is on a high wave following a series of wins, including Kavanaugh's confirmation. I knew that a long time ago. "Even the reporter who broke the story said it wasn't me or my staff".
Selon le Giec , "il est probable" que le réchauffement atteigne 1,5 °C entre 2030 et 2052 s'il se poursuit à son rythme actuel. A +2°C ce serait 10 cm de plus, soit jusqu'à 10 millions de personnes supplémentaires affectées.
It also forbids euthanasia but says that a family or a patient can decide to stop using extraordinary means to keep people alive. Francis this year opposed a bill that would have legalised abortion in his home country of Argentina.
Le couple était "tombé en amour pour Aigues-Mortes", disait-il, au point de s'y fixer définitivement intra-muros pour sa retraite. Il est par la suite nommé directeur délégué de l'information et, en 1985, directeur délégué aux programmes et à l'information.
D'après Reuters, en raison de la complexité de l'affaire, l'appel pourrait mettre des années avant d'être jugé. En juillet dernier, Google a écopé d'une amende record de 4,34 milliards d'euros en Europe au sujet d'Android.
During the red carpet, Camila posted an Instagram revealing who DID get the honor of taking her to the 2018 American Music Awards. After singer her long-awaited track, the singer-songwriter warranted a standing ovation from the moved audience.
His efforts earned him Chelsea's Young Player of the Year Award as he looked set to have a bright future at Stamford Bridge. Not preferred by new boss Maurizio Sarri, the Danish defender did however downplay fears of a January exit.
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Showtime is also putting together a limited series starring Russell Crowe as Ailes and Naomi Watts as Gretchen Carlson . Other characters that will be included in the film are former anchor Greta Van Susteren and former host Bill O'Reilly.