Dow plunges more than 1000 points, falls into correction territory

BRITAIN-MARKETS-STOCKS

BRITAIN-MARKETS-STOCKS

Mr Hiscott said: "While the intraday swings and volatility on Wall Street have been disproportionately large, I was surprised at the 1600 points fall earlier in the week". On Tuesday, stocks opened sharply lower before recovering slightly and rebounding in late trading.

All US stock market indexes were down when they closed amid a volatile trading week that some analysts say could be on pace to match the 2008 financial crisis. The Dow is now 10.4 percent below its all-time high on January 26. The decline was overdue, according to David J. Kostin, chief USA equity strategist, at Goldman Sachs. Still, traders are bracing for more market volatility, wondering if the Fed will hike rates more than three times this year, the current target. Kostin wrote in a research note earlier this week. That pales in comparison to the 23 percent one-day drop in the market in 1987.

Citro said corrections in the stock market are a part of investing, and he urges clients to keep their eyes on the long-term outlook for stocks, which have historically been a solid investment.

Markets are also on edge over USA lawmakers' wrangling to extend the so-called debt ceiling - funding for the US government runs out on February 8 unless a stopgap bill manages to pass the Senate later on Wednesday.

Australia's main index S&P/ASX 200 rallied 1.1 percent, closing at 5,897.10.

In Toronto, the S&P/TSX composite index was lower by 0.7 per cent at 15,222 points - marking its seventh consecutive day of declines.

Destiny 2 and Call of Duty: WWII drives earnings for Activision Blizzard
It improved, as 35 investors sold EA shares while 217 reduced holdings. 103 funds opened positions while 367 raised stakes. Brean Capital maintained Activision Blizzard, Inc . $62.65's average target is -10.11% below currents $69.7 stock price.

The benchmark USA 10-year bond yield spiked to heights of 2.85 per cent at the end of last week, its highest since the start of 2014, although it has since retreated slightly.

Investors will keep an eye on comments from St. Louis Fed President James Bullard who will give a presentation on the USA economy and monetary policy. That's less true for China, whose financial markets are more cloistered from global investors.

US stocks overturned early losses to trade higher on Wednesday as some buyers returned to a market still shaking from a record fall for the Dow Jones Industrial Average earlier this week.

Major indexes in Asia and Europe also fell following Monday's 1,175-point drop in the Dow Jones industrial average.

The Standard & Poor's 500 index lost 13.48 points, or 0.5%, to 2,681.66. The Nasdaq composite rose 2.1 percent to 7,115.88.

On Monday, the Dow finished down 4.6 percent while the S&P 500 sank 4.1 percent.

Watch mixed doubles curling round FIN vs
The similarity between Matt Hamilton, 28, and the most well-known fictional Italian plumber - whose full name is Mario Mario - was first spotted by an Olympics viewer Wednesday night.

Boeing rose 2.7%, providing the biggest boost to the Dow, while Amazon's 1% rise helped lift the S&P 500.

The S&P 500 remains up 26 percent since his election, and on Tuesday clawed back into positive territory for 2018, up 0.8 percent. That's less than the 10 percent seen as a correction.

At times investors looked ready to jump back in after steep losses on Friday and Monday, yet every gain the market made was met with more selling.

Chicago Federal Reserve President Charles Evans recently said he continues to expect the USA inflation rate to hit the central bank's 2% goal as soon as the end of 2019, adding that the next increase to interest rates could wait until mid-2018.

Oil prices also weighed on the index, with benchmark US crude down 1.3 per cent to $63.33 per barrel. It fell 76 cents, or 1.2 percent, to close at $63.39 a barrel in New York Tuesday. Apple fell 3.49 dollars, or 2.1%, to 159.54 dollars and Facebook lost 5.13 dollars, or 2.8%, to 180.18 dollars.

Snow-Ice Warning Issued For Ireland
Tomorrow will also be very cold with showers of rain, hail, sleet and snow with a slight risk of thundery bursts forecast. Tuesday will have scattered showers and will continue to develop frost and ice into Wednesday morning.

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