2-8-2018=10,28,48,21
39th day of the year 326 left
government=133
For the second time this week, the Dow plunged more than 1,000 points.
Ten=39,42
Dow=39,42
Dow drops=39,42
The red=33
The red=33
second time=107=28th prime/163 =38th prime
And it's now in a correction -- 10% off its record high just two weeks ago.
Fears about the bond market, inflation and interest rates seized investors again Thursday and drove the Dow, the S&P 500 and the Nasdaq all into the red for the year.
Powered by SmartAsset.com
The Dow finished with a decline of 1,033 points, the second-worst in history, eclipsed only by Monday's 1,175-point plunge.
The percentage decline on Thursday, 4.2%, wasn't nearly as bad as the scary days of the 2008/28,10 financial crisis. But a stock market accustomed to a steady climb for more than a year and half as given way to two weeks of shaky selling.
"This is not the end of the world, but it is uncomfortable," said Rich Guerrini, CEO of PNC Investments.
The 10-year Treasury yield briefly hit a four-year high of 2.88%, renewing concerns about inflation and higher interest rates.
"The bond market has definitely got the stock market's attention," said Ryan Detrick, senior market strategist at LPL Financial. "Is the bond market telling us something we don't know? Is there more inflation down the road than we're expecting?"
The latest round of selling knocked the Dow and S&P 500 back into the red for the year. All of the Nasdaq's gains for 2018 were also wiped out.
Wall Street has failed to stage a lasting rebound from Monday, when fears about the bond market sent the Dow plunging a record 1,175 points.
Trading has been extremely choppy,=38, 83,79 and the market has swung in wide ranges -- up and down nearly 2,300 points over the past week. Consider this: The S&P 500 has risen or fallen 1% five times in the past two weeks. That only happened eight times all of last year, the fewest since 1964, according to LPL.
No comments:
Post a Comment