Saturday, 20 October, 2018

Wall Road Bounces Again In Day Of Unstable Commerce

What is a stock market correction? And other things you need to know Shutterstock CNNMoney
Orlando Vargas | 10 February, 2018, 06:55

The question for investors is whether the turbulence is a sign that the long bull market is over.

With those declines, the indexes confirmed they were in correction territory, both falling more than 10 percent from their January 26 record highs and leaving investors anxious about how much longer the selloff will last. During the most recent financial crisis in 2008 and 2009, stocks tumbled over 38 percent - but fully recovered in less than five years.

Stock trading turned volatile over the last several days, breaking an unusually long period of calm, and the market is on track for its fifth loss in the last six days. European markets were also lower after the Bank of England said it could raise interest rates in the coming months.

After huge gains in the first weeks of this year, stocks started to tumble on Friday after the Labor Department said workers' wages grew at a fast rate in January.

Investors fear the rapid rise in Treasury yields this year could signal inflation and faster rate hikes from the Federal Reserve. The Fed's key rate was "near zero for years". The Nasdaq composite fell 274.82 points, or 3.9 percent, to 6,777.16.

The Dow Jones industrial average lost 446 points, or 1.8 percent, to 24,447. Boeing, Goldman Sachs and Home Depot took some of the worst losses.

At 10:09 a.m. ET, the Dow Jones Industrial Average was up 228.25 points, or 0.92 percent, at 25,141.02.

The losses were broad.

Often referred to as the Dow, the Dow Jones Industrial Average or DJIA, is the oldest and most watched indices in the world, according to Investopedia.

The yield on the 10-year Treasury bond rose as high as 2.88%, nearing Monday's highest level in four years.

High-dividend stocks including phone companies fell.

'I'm sorry': Mom gives birth, abandons baby in airport bathroom with note
The woman in this CCTV footage arrived at the Tuscon International Airport as an expectant mother, but walked out alone. A rental vehicle employee discovered the baby boy in the bathroom with a note from his mother on his chest.


Amitabh Bachchan hospitalised in Mumbai's Lilavati Hospital, reasons yet to be known
The reason why Bachchan's character wants to send Rishi Kapoor's character to an old age home is the main conflict of the film. The Bollywood legend, Amitabh Bachchan , was reportedly admitted to Mumbai’s Lilavati Hospital after back and shoulder pain.


FireEye (FEYE) Shares Up 0% on Earnings Beat
Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.50. The company reported the earnings of $0.01/Share in the last quarter where the estimated EPS by analysts was $-0.01/share.


"The fact that Monday's lows were breached (on Thursday) signals more trouble ahead and rallies are likely to give way to rising bond yields", said Peter Cardillo, chief market economist at First Standard Financial in NY.

US stocks have been in a bull market for almost nine years. That means they are in what is known on Wall Street as a "correction", their first in nearly two years. The company also issued a disappointing forecast. The stock dropped $2.39, or 10.9 percent, to $19.57.

IRobot, which makes Roomba vacuums, plummeted 30 percent after projected a smaller annual profit than Wall Street was expecting. The stock dropped $27.39 to $60.65.

In corporate news, shares of Twitter soared 12.15 percent to 30.18 USA dollars apiece on Thursday, after the social network delivered better-than-expected quarterly results and reported its first-ever quarter of profitability.

Social-media company Twitter posted its first profit, and Yum Brands, Cardinal Health and Tyson Foods exceeded earnings expectations. GrubHub will provide the delivery people and technology to let people order food from those restaurants.

An index of Latin American shares was also up about 1 percent.

After a sharp loss Wednesday, benchmark US crude lost 64 cents, or 1 percent, to $61.15 a barrel in NY. Brent crude gave up 70 cents, or 1.1 percent, to $64.81 per barrel.

Bankrate.com chief financial analyst Greg McBride said, "When the market declines sharply, everyone naturally wonders, 'What's wrong?' Nothing is wrong economically". Meanwhile, Germany's Dax has dropped 0.1 per cent, France's Cac is 0.2 per cent lower and Italy's FTSE MIB has fallen 0.57 per cent.

Chipotle Mexican Grill fell 7.5 percent after the burrito chain said the number of visitors to its restaurants fell in the fourth quarter and would continue to decline through the middle of the year.

In Tokyo the Nikkei 225 index rose 1.1 percent.

Recommended

  • Wal (WMT) Position Held by Arvest Trust Company

    Following the sale, the insider now owns 19,060 shares of the company's stock, valued at approximately $1,848,629.40. (NYSE:WMT). Hudock Capital Group LLC increased its position in shares of Wal-Mart Stores by 0.4% during the second quarter.
    Congress protests in Rajya Sabha against PM Modi's remark on Renuka Chowdhury

    Congress protests in Rajya Sabha against PM Modi's remark on Renuka Chowdhury

    He also cited that Rajya Sabha Chairman Venkaiah Naidu had himself said that Renuka Chowdhury's behaviour was unacceptable. Information and Broadcasting Minister Smriti Irani took on Chowdhury over her "badtameezi" (ill-mannered behaviour).
    Winter Olympics Begin In South Korea

    Winter Olympics Begin In South Korea

    Zhiqun Zhu, a Bucknell University professor, said to not be fooled by appearances during the games in PyeongChang , South Korea. The U.S. and its allies are not ruling out military action against North Korea , Vice President Mike Pence told NBC News .
  • Guardiola bites back at 'prestigious' Neville's poor managerial record

    City will meet Leicester City this week and Guardiola was asked about Riyad Mahrez . Guardiola is in his second season in charge of Manchester City .
    Dow turns 567-point loss into 567-point gain as stocks rally

    Dow turns 567-point loss into 567-point gain as stocks rally

    The S&P 500 last confirmed a correction in January 2016, when it fell 13.3 percent amid concerns about a slump in oil prices. Those include worries about a potential rise in US inflation or interest rates and whether budget disputes in Washington.
    Viacom (VIAB) Trading 7.2% Higher on Earnings Beat

    Viacom (VIAB) Trading 7.2% Higher on Earnings Beat

    Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis. An investor should look at the management end of the company and how their decisions have reflected through the company stock.
  • US Dow Jones slumps 1000 points

    US Dow Jones slumps 1000 points

    The 10-year Treasury yield briefly hit a four-year high of 2.88%, renewing concerns about inflation and higher interest rates. US data showed an unexpected build in refined products, fanning fears of oversupply headed into the slow-demand season.
    Rays announce plans to move to Tampa, but need money

    Rays announce plans to move to Tampa, but need money

    Petersburg, where the Rays now play at Tropicana Field , Hagan said: "Ticket sales and corporate support have lagged". Hillsborough County Commissioner Ken Hagan said Thursday he hopes that can be finalized by the end of the year.

    Marathon Oil (NYSE:MRO) Earning Somewhat Positive Press Coverage, Accern Reports

    Lowe Brockenbrough & reported 23,043 shares or 0.2% of all its holdings. 103 funds opened positions while 367 raised stakes. Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment.
  • Documentation mix-up delays Vonn's departure for Winter Olympics

    Documentation mix-up delays Vonn's departure for Winter Olympics

    Her grandfather, who she credits for her love of skiing and much of her success, passed away late previous year . Injuries have ravaged her career over the last four seasons but she is now ready to make a statement once again.
    Suspected killer fatally shot by deputy on I-95 in Lantana

    Suspected killer fatally shot by deputy on I-95 in Lantana

    Minutes later, the suspect crashed the Nissan on I-95 after driving in the wrong direction and hit three vehicles. Bradshaw said it was later learned the suspect was wanted for a non-fatal shooting Tuesday in West Palm Beach.
    FTSE 100 tumbles after record fall on Wall Street

    FTSE 100 tumbles after record fall on Wall Street

    The pan-European FTSEurofirst 300 index lost 1.89 per cent and MSCI's gauge of stocks across the globe shed 1.26 per cent. Elsewhere, oil prices continued to lose ground, pushing Woodside down 1.6 per cent and Santos down 2.2 per cent.

Media Won't Admit Senate Budget Deal Signifies Potential Win for Trump Media Won't Admit Senate Budget Deal Signifies Potential Win for Trump But he also wasn't interested in keeping the government open for a "reckless" spending deal that busts the budget caps. He's given Congress until March 5 to resuscitate it, though a federal court has blocked its termination for now.

Prince William and Professor Inexperienced be part of faculty meeting Prince William and Professor Inexperienced be part of faculty meeting Prince William has honoured the achievements of young people who have overcome homelessness at a reception at Kensington Palace. William has always been a supporter of the charity, officially becoming a patron in 2005.

Wintry weather in store once more this weekend Wintry weather in store once more this weekend Scattered snow showers of up to 3cm of accumulations are expected by Met Eireann; the west and north are expected to be worst hit. Met Eireann reckon rain and sleet will hit some areas this afternoon - but temperatures will plummet to -1C tonight .

Government star witness in Cuomo ex-aide trial arrested Government star witness in Cuomo ex-aide trial arrested The star witness in the corruption trial of former Cuomo aide Joe Percoco has been arrested, according to multiple reports. As part of his cooperation agreement with prosecutors, Howe in 2016 agreed not to violate any laws "whatsoever".

SoftBank plans phone unit IPO as Masayoshi Son shifts focus to deals SoftBank plans phone unit IPO as Masayoshi Son shifts focus to deals In the past year SoftBank has seen little change, while its stake in Alibaba alone increased by about $60 billion. Last year, it set up a major fund to invest in various technology companies.

Alabama defensive line coach leaves for same post with Steelers Alabama defensive line coach leaves for same post with Steelers Dunbar was a defensive tackle at LSU in 1990, when Mitchell, now 66, was the Tigers' defensive coordinator and linebackers coach. That makes another on-field coach that Nick Saban will need to replace in a very short amount of time.

Chelsea head coach Antonio Conte anxious about fitness of Alvaro Morata Chelsea head coach Antonio Conte anxious  about fitness of Alvaro Morata Chelsea have begun negotiations with Luis Enrique as they look to replace Antonio Conte , according to stunning reports in Spain. Without his pace and composure at the back, Chelsea conceded seven goals in two games against Bournemouth and Watford .

Son of Rick Adelman dies after being hit by auto Son of Rick Adelman dies after being hit by auto The Adelmans were an integral part of and positive contributors to our organization and this community from 1983 to 1994. Adelman was also an assistant coach with the Houston Rockets when his dad was head coach for the team.

'The Wire' & 'House of Cards' Actor Passes Away at 59 'The Wire' & 'House of Cards' Actor Passes Away at 59 Reg won his first Emmy Award for his portrayal of Freddy, the owner of Frank Underwood's favorite BBQ restaurant . Show creator David Simon paid tribute to Cathey on Twitter , calling him a "masterful actor".

JeM Terrorists Attack Army Camp in Jammu's Sunjwan; Hawaldar, His Daughter Injured JeM Terrorists Attack Army Camp in Jammu's Sunjwan; Hawaldar, His Daughter Injured "Around 4:55 am suspicious movement was noticed by the Santri and his bunker was sacked upon, the fire was retaliated". Jammu's Inspector General of Police SD Singh Jamwal said suspicious movement was noticed at around 4.55 am on Saturday.

Jose Mourinho Defends Paul Pogba's Professionalism & Attempts to Settle 'Best Position' Debate Jose Mourinho Defends Paul Pogba's Professionalism & Attempts to Settle 'Best Position' Debate Mourinho said: "I know Shaw since he arrived in the Premier League with Southampton and know his potential and quality". I always felt handsome matches but hard matches.

Sri Lanka opt to bat first in 2nd Test Sri Lanka opt to bat first in 2nd Test Earlier, Bangladesh resumed its first innings on 4-56 and lost 5-3 in three overs to give Sri Lanka a big lead. The first Test in Chittagong ended in a draw with Mominul Hoque scoring tons in both innings.

Fergie Defends Quentin Tarantino's Biting Incident as a 'Bit of Fun' Fergie Defends Quentin Tarantino's Biting Incident as a 'Bit of Fun' Fergie starred in the horror double feature alongside Rose McGowan, Josh Brolin, Bruce Willis, Kurt Russell and Rosario Dawson.

Investor's Watch: Medical Properties Trust (MPW) Analysts are also projecting an Average Revenue Estimate for Government Properties Income Trust as $108950 in the Current Quarter. ValuEngine upgraded Medical Properties Trust from a "hold" rating to a "buy" rating in a research note on Thursday, November 9th.

Nagaland Elections: Scrutiny of nominations conducted today Nagaland Elections: Scrutiny of nominations conducted today Our correspondent reports that several heavyweight candidates including from Congress, UDP and BJP have their nominations. "Mr. Zeliang filed his papers as the ruling Naga People's Front (NPF) candidate from Peren assembly constituency.