Dow Jones industrials sink 700 points as bond yields rise
11 Octobre, 2018, 10:07 | Auteur: Auguste Feret
Many stock-market observers pin the start of the current bull market, the longest since World War II, at March 9, 2009. There have recently been several indications that the US housing market has cooled, likely in part due to higher rates on mortgages.
Sanders highlighted strong economic indicators, including low unemployment and rising wages, saying President Donald Trump's policies "have created a solid base for continued growth".
USA stock indexes dived around 1 percent on Wednesday as worries over China and the impact of rising Treasury yields on global growth drove falls in luxury goods companies and chipmakers.
The tech sector was hit hardest, with Netflix down almost 7 per cent, Amazon down 5 per cent and Apple, Google and Facebook all down more than 3 per cent.
During the regular session, the S&P 500 marked its biggest daily percentage fall since February 8 - 3.3 percent - and Nasdaq registered its biggest fall since June 24, 2016 - 4.1 percent - as rising U.S. Treasury yields sent investors fleeing from risky assets.
The 10-year Treasury yield rose to 3.22 percent from 3.20 percent late Tuesday after earlier touching 3.24 percent. The broader S&P 500 was down 47.07 points or 1.63 per cent, heading toward seven-week lows. The yield was just 2.82 percent in last August.
The Nasdaq composite, with a large contingent of tech stocks, tumbled 315.97 points, or 4.1 percent, to 7,422.05.
It came after Wall Street stocks plunged Wednesday, with major indices losing more than three per cent in a sell-off prompted by the sudden jump in USA interest rates and increasing trade worries.
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Tom Cahill of Ventura Wealth Management said investors were also unnerved by remarks from luxury company LVMH of a crackdown on some goods in China amid the country's bitter dispute with the United States. "As stocks go down, tech goes down more".
South Korea's Kospi dropped 1.1 per cent, the CAC 40 in France dropped 2.1 per cent, Germany's DAX lost 2.2 per cent and the FTSE 100 in London fell 1.3 per cent. Amazon skidded 6.2 percent to $1,755.25. The Nasdaq fell 177 points, or 2.3 percent, to 7,560.
The S&P 500 is on track for its fifth drop in a row and its biggest decline since April.
Stefane Marion, chief economist and strategist at National Bank Financial, believes that part of the problem with today's stock market is that global companies have been lowering their profit expectations for the next 12 months.
Microsoft dropped 4 per cent to $107.82.
All of these stocks have seen sharp gains on the year and yet investors have been quick to sell-off and take profits as they shift into more conservative securities like bonds and treasury notes. Natural gas rose 0.6 percent to $3.28 per 1,000 cubic feet.
Sears Holdings nosedived after the Wall Street Journal reported that the struggling retailer hired an advisory firm to prepare a bankruptcy filing that could come within days.
The S&P 500 fell 39 points, or 1.4 percent, to 2,840.
US consumer price inflation is now above 2 percent annually and the unemployment rate is the lowest in about 40 years. Wall Street extended its losses Wednesday afternoon as markets continued to skid, with the Nasdaq leading the losses.
But if any individual already got exposed to a particular strain of HPV, then the vaccine will not work against such strain. Now, most insurance companies should cover Gardasil for those in the approved age range.
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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 .
Des personnalités enfermées dans une cage pour dénoncer les maltraitances infligées aux animaux d'élevage . "C'est inhumain. On ne peut pas faire confiance aux gouvernements, on ne peut compter que sur nous-mêmes.
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Le président russe Vladimir Poutine avait le 12 septembre déclaré savoir qui étaient les deux hommes mis en cause par Londres. En juin, deux nouvelles personnes avaient été contaminées par la même substance, dont une mère de famille qui a perdu la vie.
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.
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She argued the European Union had become "totalitarian" and operated against the interests of the citizens it represents. Salvini heads the League party, one of the two major parties supporting the government of Prime Minister Giuseppe Conte.
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Thanks to a poor winter and long-term drought, New Mexico's largest reservoir, Elephant Butte, is now at 3.2 percent capacity. While the U.S.is on target to meet the previous goal, the United Nations is still stressing that more action is needed.
Dow ends brutal session with 3.2% loss, Nasdaq -4.1%
The benchmark USA stock index hadn't suffered a five-day losing streak since November 2016, just before the presidential election. Earlier on Wednesday, Sears Holdings plunged on reports that the struggling retailer is preparing to file for bankruptcy.