Wall Street tumbled back into sell-off mode, with the Dow plunging more than 1,000 points as worries over interest rate hikes continued to drag the market down. Amazon rose 2.2 percent.
Benchmark U.S. crude lost $1.95, or 3.2 percent, to settle at $59.20 per barrel on the New York Mercantile Exchange. This has investors searching for answers. The yield on the 10-year note was as low as 2.04 percent as recently as September.
The Standard & Poor's 500 index rose 1.5 percent, to close at 2,619.
Martina Navratilova on why rivals struggle against Serena Williams
Sunday's scheduled singles matches have Venus Serena facing Hogerkamp and Vandeweghe taking on Russian Federation . Maybe she wants to peak for Wimbledon, that would be her best chance at a Grand Slam".
This is similar to the definition of a bear market when prices are down 20 per cent from their peak, which can happen more gradually. He thinks the market highs are in place for at least the next several months and possibly for the rest of the year.
Then there's inflation. A little, and that's all we have now, is a plus for the stock market.
The last one happened during the 2008 financial crisis and lasted until March 2009 when the S&P sank almost 57 percent from peak to trough, according to Yardeni Research.
The broader S&P 500 also tanked lower - finishing at 2,581- down around 100 points, or 3.75%. After Friday's increase, the Nasdaq was down 8.4 percent.
Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, said global stocks have fallen from peak to trough by more than 10 per cent in two-third of the years since 1979, yet "most of those times posted a gain for the year". This is worrisome for investors as it could mean that the Federal Reserve would raise interest rates faster than desired.
Chicagoland preparing for wintry blast, up to foot of snow
A storm in February 2015, logging in at 16.2 inches, was the last time Chicago had more than 10 inches of snow in a single storm. Almost 1,000 flights were delayed and another 1,500 canceled at Detroit and Chicago airports.
Investors fear that low unemployment, increasing USA growth and rising wages will spur the Federal Reserve to raise interest rates, which would boost the cost of borrowing money. The travel website's 2018 outlook also disappointed investors. Technical analysts look at the action of the market itself to predict which way it will go. Manufacturing is rebounding. Households and businesses are spending freely. The labor market is strong, averaging 183,000 new jobs a month.
The Russell 2000 is down 57.67 points, or 3.8 percent.
Economies around the world are strengthening and corporate profits are on the rise.. Finally, the recently passed corporate and personal tax cuts are expected to further boost economic growth.
"You have a fundamental difference between the economy and earnings doing well, versus interest rates going up and inflation picking up, and it's still a question of which will dominate", said Giri Cherukuri, head trader at OakBrook Investments LLC in Lisle, Illinois.
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Duterte Says Ban On Deployment Of Filipino Workers To Kuwait Stays
The latest data from Philippine Overseas Employment Administration said there were 86,019 Filipinos in the country in 2015. Even the Philippine Association of Accredited Agencies to Kuwait (PHILAAK) backed the President's decision.
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