Further driving the drop in materials were commodity prices, with copper and aluminium hitting multi-week lows after a rise in inventories pointed to markets maintaining plentiful supply.
Asian stocks are coming under heavy selling pressure, with benchmark indexes in China, Hong Kong, Japan and South Korea losing 2% to 5%, as the downtrend in oil prices added to worries over higher USA bond yields. Less than two weeks ago the Dow closed at a record high of 26,616, according to CNN Money.
The S&P 500 dropped 100.66 points, or 3.75 percent, to 2,581.00. The Nasdaq was down 275 points to 6,777, a 3.90 percent decline.
Trader Michael Milano, right, works on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018.
Yields then backed off their multi-year highs, giving the Dow a 560-point bounce on Tuesday and relative stability on Wednesday.
CDC reports flu season is similar to 2009 swine flu
According to CDC experts, antiviral drugs are most effective when taken within the first 48 hours of symptoms being shown. There were also an additional 10 pediatric deaths reported, bringing the total to 63 pediatric deaths this flu season.
The question now is whether the corrections that occurred this week are part of a "normal correction" that occurs after strong stock market performance (corrections between 5 and 15 percent are not uncommon) or whether it marks the end of accommodative monetary policy-driven stock market strength. Two years is an unusually long time for the market to go without one.
Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management, said the plunge wasn't caused by inflation fears alone.
The market's turmoil began last Friday and has continued this week as investors anxious about early signs of inflation.
Indeed, the pace of the afternoon equity sell-off in NY "raised suspicions that investors had been forced to unwind positions in haste", FT noted.
The sharp selloff in recent days was kicked off by concerns over rising inflation and bond yields, sparked by Friday's January US jobs report.
After huge gains over the course of 2017 and a January jobs report that showed significant wage increases, analysts became anxious the Federal Reserve would hike interest rates sooner than expected, causing market volatility as investors looked to lock in gains. Higher rates act like a brake on the economy by slowing down borrowing and lending. "Now, they're moving higher and investors are concerned they might move higher faster".
The new research offers a way for eggs to be extracted, grown and used, without the need to re-implant the tissue. Egg cell maturation is the process in which human egg cells develop to a stage where they can be fertilised.
A witness provided a simple ID sketch to police - a cartoon drawing of a man with no eyebrows and small circles for eyes. But a few days later, police said the suspect had been identified as 44-year-old Hunt Phuoc Nguyen.
This means passengers will have to change at Brussels, leaving the return journey time at an estimated four hours and 49 minutes. Our new route marks the culmination of the extensive investment in high speed rail on both sides of the Channel.
She says she showed them a protective order she had received in 2010 as well as calls to police she had made from their home. Porter, as most know at this point, was accused by both his ex-wives of domestic abuse.
On the main "Watch Now" tab, if you scroll past your "Up Next" queue and the top recommendations, there's a new "News" section. If the app hasn't been installed on your phone, tablet or Apple TV, you will be prompted to install it from the App Store.
But the move drew some mockery as British Prime Minister Theresa May has repeatedly said that "Brexit means Brexit". Barnier also spoke about the post-Brexit border between the Republic of Ireland and Northern Ireland .
The officer killed was identified as Chase Maddox , 26, the Georgia Bureau of Investigation said in a Twitter message. Images on local television showed police tape around two homes in a cul-de-sac of a Locust Grove subdivision.
It includes an assumption that Britain will be able to get "a smooth adjustment" to a new trading relationship with the EU. The governor of the Bank of England (BoE) warned on Thursday that interest rates would rise sooner than markets expected.
Kelly says a senior aide's resignation came within an hour of learning about new accusations of spousal abuse. Holderness' accusation followed a similar claim made by Porter's second wife, Jennifer Willoughby, on Tuesday.
Egypt army announces major operation in Sinai, Nile Delta
Even as Egypt's military claims to have killed more than 2,500 militants, the attacks have spread to other parts of the country. In a later update, he said the air force had targeted a number of homes and hideouts in the north and west of the Sinai .
All The Best Deals For National Pizza Day
Before you order, consider this: A study from food delivery provider Foodler determined the most popular pizza toppings. This West Coast pizza chain is giving away one free personal pizza per person when you buy a Pepsi fountain drink.
McIlroy's outlook on golf matches climate at Pebble
This is the second tournament of the year that features the top three players in the world: Dustin Johnson , Jon Rahm and Spieth. Looming is the Masters in two months, the major McIlroy lacks for the career Grand Slam.
Big flop show: SBI Q3 net loss at Rs 1887 crore
SBI December quarter net profit is seen at Rs2,059.4 crore, according to a Bloomberg poll of 16 analysts. Fee income rose from Rs 4,710 crore to Rs 4,979 crore - a growth of 5.71 per cent.
Apple Source Code For iBoot Gets Posted Online
Despite these assurances from Apple , some security experts have warned iPhone and iPad users to secure their devices. In 2004, for example, millions of lines of code were leaked for Microsoft's Windows NT and 2000 operating systems.