USA stocks open higher, but on track for steep weekly losses
USA stocks open higher, but on track for steep weekly losses
AFPRising inflation could lead to a hike in interest rates in the United States
11 February, 2018, 07:03
The blue chip average suffered its second 1,000-point drop in a week on Thursday. Both were down a little over 10 percent from the record high reached January 26 before Friday's gains pulled them both out of correction. For the week, the Dow gave up 5.2% - its steepest loss since January 2016.
Sue Noffke, UK equities fund manager at Schroders, told the that given how well stockmarkets have been doing for the past few years, the sell-off this week was not that unusual. (This doesn't include 12 other corrections that blossomed into full bear markets with declines of 20% or more.) The peak-to-trough declines of corrections averaged 14% over five months, and it took only another four months for the market to fully recover.
Earlier, the Shanghai Composite Index tumbled as much as 6.0 percent to its lowest since May 2017, and the blue chip CSI300 index dived 6.1 percent. To put that in perspective, investors lost only around $500 billion in stock market wealth in 1987's Black Monday market crash.
Stock values had been based on low interest rates and low inflation, said Michael Arone, chief investment strategist at State Street Global Advisors, an investment management firm.
Stocks are not falling because investors have doubts about the economy. Expedia shares sank 19 percent after the online travel services company said costs would outpace revenue growth this year.
Major economies around the world are growing in tandem for the first time since the Great Recession, and corporate profits are on the rise. The breakdown of stock markets has increased the worries of increasing inflation and interest rates.
GOP Sen. Flake Guarded About Senate Passing Immigration Deal
At this point, Flake told reporters on Thursday, it's unclear what coalitions will develop and which amendments will gain steam. The Trump administration rescinded the policy in 2017, creating a March 5 deadline for protections from deportation to end.
The pullback came amid another spurt higher in Treasury bond yields, a focal point for investors concerned that the Fed may accelerate rate hikes if inflation rises suddenly. The housing industry is solid and manufacturing is rebounding. Oil has not been below $60 a barrel since December 28. Within the first 26 days of this year, the Dow had already surged 7.7 percent.
In small-caps, the Russell 2000 Index closed at 1,480.42 for a gain of 16.62 points or 1.14%.
Consumer discretionary stocks slipped 0.8 per cent, with Canada Goose down 4.5 per cent and Dollarama off 3.25 per cent.
The global economy is expecting 4 per cent GDP growth for the year, and the last measures we have for the United States and Australia respectively are 2.6 per cent (fourth quarter 2017) and 2.8 per cent (third quarter 2017). Copper fell 5 cents to $3.03 a pound.
In Europe, Germany's DAX fell 1.2 percent, while France's CAC 40 lost 1.4 percent.
The dollar fell to 108.84 yen from 109.42 yen. Britain's FTSE 100 shed 1.1%.
Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. A 3 percent yield is looked upon by investors as a motive for people to flee the risk of stocks for the relative safety of bonds.
Barcelona great Xavi believes Neymar will win the Ballon d'Or after Lionel Messi and Cristiano Ronaldo's dominance ends. They have those kinds of players and we do too". "We have had a very good first part of the season".
The White House response serves as a high-profile illustration of the obstacles many women face in speaking out about their abuse. And what if one of those men filed a police report and received a restraining order against him, as Willoughby did? "You matter.
He tentatively fended at an incoming delivery and lobbed the ball back to Rabada who took a sharp catch in his follow-through. A victory will also help the visitors topple the Proteas to bag the number one stop in the ICC ODI team rankings.
The "out of home" metric for Super Bowl was calculated based exclusively on viewership of the NBC broadcast (6:31-10:25 p.m. Sunday's game was naturally a hit in Philadelphia, with its 56.2/81 mark ranking as the market's best for a Super Bowl.
Playing alongside his father, Gerry, in the pro-am, McIlroy posted rounds of 68-74-72 to miss the 4-under number by three. A further shot adrift are the likes of four-time champion Phil Mickelson , Spaniard Jon Rahm and Australian Jason Day .
The suspension is built around aluminum Fox Racing internal-bypass shocks that progressively stiffen as the suspension compresses. Attached to the Tacoma's passenger side A-pillar in the shots shown here is what Toyota is calling the TRD Desert Air Intake.
Michigan State begins process to fire Nassar's boss
Strampel had also communicated his support to Nassar on multiple occasions despite the allegations, investigations have found. To dismiss a tenured faculty member, a faculty hearing committee will have to find that cause exists to revoke tenure.
Nagaland Health Report Card: Ailing and deteriorating
The report further added, Jharkhand is the top most improved state and has showed maximum gains in improvement of health outcome. Besides Uttar Pradesh, Rajasthan, Bihar and Odisha are among the states that performed poorly in the health index.
Talk show host slams Meghan Markle
However, she recalled that Markle had a scandalous role in 90210 as she was the girl that her boyfriend was cheating on her with. Adams among her celeb pals, plenty of celebrity faces can be expected. "Random princess", Williams added.
Buzzards Bay being searched for possibly missing mariner
They plan to search Buzzards Bay , Vineyard Sound, and the water surrounding New Bedford, Dartmouth, Fairhaven and Mattapoisett. The fact that it was picked up on the Woods Hole Coast Guard station means the caller was within 40 or 50 miles.
Heavy snow to blanket upper Midwest
Farther north and east, the storm is still expected to drop 12"+ of snow on the Hi-Line and across central Montana". A few snow showers will continue this morning with warmer temperatures reaching the low-mid 20s this afternoon.
SpaceX launch spurs reflections on 'worthy venture'
That company's prospects are looking good: On Tuesday, It launched the largest rocket in operation, the Falcon Heavy . Then again, if we're talking about productions so elaborate as this one, then it's perfectly explainable.