Dow, S&P 500 suffer worst one-day fall in five months
Feb 01, 2018, 00:51
Rising bond yields and a sell-off in healthcareshares sent the USA stock market sliding on Tuesday, with the Dow Jones Industrial Average's 352-point tumble its steepest in eight months. This lead to stocks on Wall Street falling by around one per cent. While the UK's FTSE 100 Index tumbled by 1.1%, the German DAX Index and the French CAC 40 Index dropped by 1% and 0.9%, respectively.
That should help stocks keep climbing, Mr. Hans said, even as bond yields head higher. These sectors were negatively affected by higher interest rates. The S&P 500 still is up 6.7% since the end of 2017.
Stocks fell lower due to a decline in energy shares amid ongoing evidence of rising USA crude output.
Bond yields have been rising steadily over the past few months, making bonds more appealing to investors seeking income.
The CBOE Volatility Index, the main gauge to measure fears of a near-term drop, was 12.98, its highest since December 1.
Also on investors' radar: Tuesday night's State of the Union address and a two-day meeting of the Federal Reserve's policymaking committee that wraps up Wednesday.
"Investors are getting a bit anxious about inflation which has led some people to believe that the Fed might be more aggressive when it comes to raising rates", said Robert Pavlik, chief investment strategist at SlateStone Wealth.
The dollar, which fell sharply last week, declined to 108.78 yen from 108.94 yen late Monday. Personal Spending rose 0.4%, but this was slightly below the 0.5% estimate. Across the Korean Strait, the Kospi bucked the downward trend to climb 0.31%. The contract plunged $1.06 on Tuesday to $64.50.
Among earnings, Pfizer shares fell 3.3 percent.
Several big-name companies are due to report quarterly results on Wednesday and Thursday, including Apple, Amazon, Microsoft, Facebook and Google's parent company Alphabet.
Harley-Davidson dropped 8.1 percent after the motorcycle maker forecast a drop in shipments this year.
Hamas - which has controlled the Gaza Strip for more than a decade - had already been on the U.S. terror blacklist since 1997. Haniyeh responded to that announcement with a call for a "comprehensive, popular intifadah" to confront Israel and the US.
It's likely that the Patriots keep expressing optimism for Gronk's return to the lineup for Super Bowl LII against Philadelphia. So it obviously hurts when he's not out there for a lot of reasons, but he's doing the best he can do and we're all hopeful".
Given those dramatic increases, it looked like Hall of Fame voters were starting to think differently about baseball's PED era. They still have a chance to make a surge next year, because the ballot will not be almost so crowded with strong candidates.
With every sector eyeing on Jaitley's magical briefcase, experts believe that the budget would be focussed on rural economy. The government has already announced a major plan for recapitalization of Rs 2.11 lakh crore.
Not much was said as officers from the LAPD moved the body of Mark Salling , 35, from where it was found on January 30. Salling is the second member of the Glee cast to pass away, co-star Cory Monteith died of a drug overdose in 2013.
He also worked for USA Gymnastics. "Good to see officials in MI taking steps with an investigation led by special prosecutor". Michigan State University Athletic Director Mark Hollis has resigned in the wake of the Larry Nassar sexual abuse scandal.
Cousins had his second triple-double in three games on Friday night, with 15 points, 13 rebounds and 11 assists. Tonight's game will take place from Smoothie King Center in New Orleans , Louisiana and will air live on ESPN .
Diversified Trust Co's holdings in Shell Midstream Partners, L.P. were worth $872,000 as of its most recent filing with the SEC. Finally, Neuberger Berman Group LLC lifted its stake in shares of Summit Midstream Partners by 4.2% in the second quarter.
With the date for the release of the controversial movie nearing, members of the Karni Sena on Monday blocked roads in Ujjain. The petition has requested the court to review its order that lifted the ban on the government-imposed ban on the movie.
Army has claimed that they opened fire in "self-defence" after a "mob tried to lynch an officer" during protests. Former CM and National Conference leader Omar Abdullah demanded action against the "erring soldiers".
This pattern of abuse can be traced all the way back to 1992 when Nassar was in medical school at Michigan State University. Students say the discussion about the sexual assault problem on campus is long overdue.
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As many as 28 bills will be tabled in the Lok Sabha, while 39 bills are listed for the Rajya Sabha for the upcoming session. "In the previous session, we had hoped for the passage of Triple Talaq Bill, so that the Muslim women get their rights".
Super blue blood moon, January 31
In fact, you won't be able to see it anywhere in the United States due to the moon setting as the eclipse is beginning. This Super Blood Moon will also be a blue moon, which is defined as the second full moon to occur in the same month.
Acer's Chromebook Spin 11 Gives You Computing on the Cheap
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