Asia facing sharp falls after Wall Street wipes out 2018 gains
Asia facing sharp falls after Wall Street wipes out 2018 gains
Futures Slump on Global Riskoff Sentiment; Caterpillar Weighs
25 October, 2018, 10:06
The Nasdaq composite, with a hefty roster of tech stocks, bore the brunt of the sell-off, leaving it more than 10 percent below its August peak, what Wall Street calls a "correction".
Stocks have been shaky for weeks as investors have anxious about global growth, potential impacts from trade disputes, and the Fed's determination to raise interest rates.
USA stocks were easing back today from a steep, broad sell-off that knocked more than 500 points off the Dow Jones Industrial Average earlier in the day. Netflix gave back 9.4 percent and Amazon dropped 5.9 percent. The Russell 2000 index of smaller-company stocks gave up 4 points, or 0.3 percent, to 1,534. Natural gas declined 1.4 percent to $3.17 per 1,000 cubic feet. It was down 227 points, or 0.9 percent, to 25,089.
Bond prices continued to rise, sending yields lower, as traders sought safe-haven investments. The stock skidded 7.2 percent to $119.31.
Profits of S&P 500 companies are expected to have jumped almost 22 percent in the third quarter, slower than the previous two quarters, according to Refinitiv data.
The share price declines also came after data on United States home sales fell to their slowest pace in almost two years, and a Federal Reserve report showed firms nationwide are anxious about the rising hit from tariffs and widespread labor shortages. Other big decliners: Apple slid 2.2 percent to $217.86, while Alphabet fell 4.4 percent to $1,066.22. Although the Commerce Department is expected to report on Friday that U.S. GDP product grew at a healthy clip between July and October, economists now forecast that quarterly growth will slip below 3 percent in the fourth quarter and into 2019. Valero Energy slid 4.6 percent to $87.44.
The Chicago Board Options Exchange's volatility index, known as the VIX, or fear index, jumped 14 percent to its highest level in two weeks.
AP reported that more than 100 S&P 500 companies are expected to report strong third quarter results this week, and every sector except communications services is expected to show growth. The stock gained 5.7 percent to $176.16.
"They're coming in ahead of expectations, generally, but the degree to which they're beating expectations is less than what it has been in previous quarters", Delwiche said. Halliburton lost 4 percent to $34.95. Brent crude, used to price global oils, dropped 4.1 percent to $76.52 per barrel in London.
The dollar weakened to 112.44 yen from 112.47 yen on Tuesday. The euro fell to $1.1393 from $1.1467. It's anxious that the plans would prevent Italy from lowering its debt, which is second only to Greece among its members.
Elsewhere, China's Shanghai Composite and the Shenzhen Component fell 1.7 and 2.2% respectively.
The Dow lost 367 points, or 1.5 percent, to 24,939.
In Asia, Japan's Nikkei 225 index gave up 2.7 percent and the Kospi in South Korea tumbled 2.6 percent.
Down under, Australia's ASX 200 slid 2.2% in morning trade.
The other winning ticket - sold at Wilmington Nouria on 586 St.in Wilmington - has yet to be claimed. "Now I know y'all have it!" People wait in a long line to purchase lottery tickets outside the Blue Bird Liquor store in Hawthorne, California.
Thousands of people were evacuated, and schools closed on Mexico's Pacific coast Tuesday ahead of Willa's gales and downpours. Federal authorities declined to comment on precautions taken at the prison, citing security concerns.
But to match its sparkling combination of pearls and diamonds, was a rather impressive necklace never seen on the Duchess before. It was a wedding gift from Queen Victoria's son, the future King Edward VII , to his wife Princess Alexandra of Denmark in 1863.
Early Tuesday morning, Salt Lake police learned Rowland was near the historic Trinity African Methodist Episcopal Church at 239 E. In October 2017 student Austin Boutain, 24, was arrested for fatally shooting 23-year-old computer science major ChenWei Guo.
Ever the perfectionist, Guardiola said he wants more from his side and believes they can still get better. We have to be solid as a team, like we were in the first half, and it was good to see how we did it.
The ship's launch date has been moved from 2018 to 2022, which means the Titanic II will launch 110 years after the RMS Titanic. When it lands in the United Kingdom , it will begin weekly voyages to NY following the original plan of the Titanic.
It fears a strengthened United States military presence in the region will further embolden activists. Given that the U.S. has no formal diplomatic relations with Taiwan, Pence's remarks are significant.
DeSantis and Gillum have quarreled previously about Israel in a state where the Jewish vote can be decisive in an election. DeSantis has run as a "law and order" candidate and on Sunday night he repeatedly hit Gillum on crime in Tallahassee.
Formerly top-10 Gulbis, now ranked 145, had an impressive record in ATP tournaments, having won all six of his previous finals. Ernests Gulbis believes he is playing well enough to get the better of Stefanos Tsitsipas in Sunday's Stockholm Open final.
Stephens stays calm to run away from Osaka in Singapore
Bertens was the last player to make it into the eight-woman tournament when world number one Simona Halep withdrew through injury. She was rewarded with a break and closed out the first set, much to the racquet slinging frustration of Naomi Osaka .
Scientists discovered plastic in the human body
Microplastics to wind up in food through plastic packaging, or could enter the food chain by being eaten by sea life, he said. Unsafe microplastics - usually found in the soil , oceans , tap and bottled water - have now soiled our poop too.
Obama Slams Trump In Not So Subtle Way
Democrats also posted early vote leads in nearby Washoe County , which has more registered Republicans. This assertion Obama made at a rally of supporters of the Democratic get together in Las Vegas.
Five Dead Sea Scroll Fragments Found to Be Fake
Steve Green, the president of Hobby Lobby, had previously said the museum was non-demoninational and was not created to preach. Hobby Lobby said it was "new to the world of antiquities" and did not "understand the correct way to document and ship them".
Children Dead, 11 Sick in Viral Outbreak at Rehab Center
At least six children died from an adenovirus outbreak at a pediatric medical center in New Jersey , officials confirmed Tuesday. The young child's death was the seventh death associated with the outbreak at the Wanaque Center for Nursing and Rehabilitation.
The trip will go on: Titanic II set to sail in 2022
The Titanic II has been in the works since 2012, when the plan was first announced by Australian business tycoon Clive Palmer. Palmer's vision is for the ship to follow the original journey, carrying passengers from Southampton to NY .