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 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.
A major hurricane is defined as Category 3 or greater on the Saffir-Simpson scale, with sustained winds of 111mph or greater. "This storm has the potential to be a historic storm, please take heed", the sheriff's office said in the post.
Le sélectionneur de l'équipe de France, Didier Deschamps, mesure la chance qu'il a de pouvoir s'appuyer sur Kylian Mbappé. Et on se réchauffe à ça comme devant un poêle chaud: les belles choses à venir, celles que l'on imagine.
Selon Le Parisien , les commentaires pouvaient également portés sur l'opinion politique, voire l'orientation sexuelle. Interrogé par l'hebdomadaire, le secrétaire général actuel, Pascal Pavageau , évoque une " belle connerie ".
L'enquête fédérale a débuté à la fin 2017, à la suite d'un rapport de l'Unité des fraudes sportives de la police fédérale. Les enquêteurs sont repartis du Standard vers 10h30 ce matin avec les documents demandés par la justice.
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.
American Music Awards - All The Performances: Watch Here!
Please, please educate yourself on the candidates running in your state and vote based on who most closely represents your values. In 2014, the "Shake It Off" and "Look What You Made Me Do" singer received the distinguished Dick Clark Award for Excellence.
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.
Le journaliste Jean Lanzy est décédé à Aigues-Mortes — Gard
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.
McConnell says Kavanaugh fight widens gender gap
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".