Dow ends brutal session with 3.2% loss, Nasdaq -4.1%
11 Octobre, 2018, 04:01 | Auteur: Auguste Feret
Stocks had come close to big drops in the last few days, but each time they recovered some of their losses. "Since the market bottomed in March 2009, it's been more than 10 years of growth stocks leading the way non-stop". "The market's starting to say that the glass may be half empty".
Tech stocks in the S&P 500 fell 2.5 percent Wednesday for the steepest loss among the 11 sectors that make up the index. The benchmark USA stock index hadn't suffered a five-day losing streak since November 2016, just before the presidential election. Technology companies were among the losers, with the Nasdaq Composite dropping more than 2% to 7,575.34.
The Dow Jones Industrial Average has plunged more than 800 points, its worst drop in eight months, led by sharp declines in technology stocks.
The S&P 500 was down 55 points, or 1.9 percent, at 2,824-on pace for its worst day since June.
Netflix shares fell by 6pc and have now fallen by 12pc in the last five days.
Alibaba dropped 4.1 percent after Morgan Stanley and Raymond James cut their near-term profit estimates on the Chinese e-commerce company, citing a softer economic environment in China.
The benchmark ASX 200 has dropped 2 per cent on opening to 5,926, while the All Ordinaries index has slipped a similar amount to 6,034 points. Snap, the parent company of the messaging app Snapchat, fell 4.8pc and sank to a new all-time low.
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.
Hurricane Michael Pounds Panama City with 150 MPH Winds
Michael will keep plowing through the Southeast as a hurricane, with winds topping 73 miles per hour as it crosses into Georgia. That's according to measurements of the storm's central pressure, which is a key indicator of the intensity of a storm.
Earnings were a major driver of the market last quarter, and analysts see more robust results ahead, even if companies face growing issues like the yet-to-be-resolved trade war and higher raw-materials costs.
That all played into a market that is increasingly anxious about global growth after warnings from the International Monetary Fund this week and a rise in Treasury yields to a more than 7-year high above 3 percent that signals a tightening of available capital globally. Yields on 3-year notes have recently traded just above 3.0 percent, providing long-absent competition for investment returns with equities.
Gina Martin Adams, the chief equity strategist for Bloomberg Intelligence, said investors are concerned about the big increase in yields, which makes it more expensive to borrow money. "Semiconductors have the most exposure to China out of segments in the S&P 500".
Earlier on Wednesday, Sears Holdings plunged on reports that the struggling retailer is preparing to file for bankruptcy.
MSCI's gauge of stocks across the globe fell percent, its biggest single-day fall since February.
In New Zealand, Bascand said there had a been a fall in business confidence and while this was not based on a recession there were concerns about higher costs for doing business and numbers crunched by his firm showed profit expectations were now 3.3 per cent lower than three months ago.
Sears has closed hundreds of stores and sold several famous brands or put them on the block as it sees more customers abandon its stores. Brent crude, the worldwide standard, lost 2.2 percent to $83.09 a barrel in London.
Wholesale gasoline shed 2.7 percent to $2.02 a gallon. Heating oil fell 1.2 percent to $2.39 a gallon. Microsoft gave up 3.3 percent.
Giudice was born in Saronno, Italy, but moved to New Jersey with his family as a child and never obtained US citizenship. Upon hearing the news, Joe expressed shock and immediately attempted to argue his case.
En espérant une amélioration des chiffres dans les semaines qui viennent, (re) découvrez la bande-annonce de l'épisode 2. En 2010, le pilote du show avait ainsi comptabilisé 5,35 millions de curieux (voir tableau ci-dessous).
During the vote, Murkowski withdrew her "no" vote, changing it to "present" instead, effectively pairing it with Republican Sen. That could put the Iowa Republican at odds with Senate Majority Leader Mitch McConnell .
When reporters were allowed in at the conclusion of practice, Butler wasn't on the court. "It's just a matter or when". According to ESPN , the Wolves were close to a Butler trade with the Heat this weekend, but it fell apart.
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.
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.
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 ".
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.
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.
Didier Deschamps encense Kylian Mbappé
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.