USA stocks are plunging toward their worst loss in six months on Wednesday as technology companies continue to take sharp losses.
A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan in New York, U.S., October 11, 2018.
The S&P 500 shed 1.53% to 2,839.43, on track for its steepest loss since June.
The Dow and the S&P 500, the benchmark for many index funds, lost more than 3 per cent. But they are also possibly leading indicators of the end of a historic bull market, in which stock-market indexes continue upward quarter after quarter.
The latest sell-off comes after months of continuous stock market growth stoked by the investors' belief in "American exceptionalism", according to an analyst from investment bank Morgan Stanley. "This meltdown isn't just a mild case of the sniffles suggesting the latest sneeze from the US equity market could morph into a global markets pandemic".
Luxury brands were also casualties of the heavy selling - with Tiffany & Co and Estee Lauder dropping 10.2 and 7.4 per cent respectively.
Tech stocks and companies that sell non-essentials to consumers have been some of the top performers over the a year ago, gaining almost twice as much ground as the S&P 500.
U.S. stocks notched solid gains in the third quarter as investors brushed aside worries about trade wars and focused on strong corporate earnings and solid USA economic data.
Britons among 10 dead in Majorca flash floods Witnesses said that within minutes a rush of water and mud from an overflowing creek had buried cars and torn down trees. Spanish tennis star Rafael Nadal , who is from Mallorca, helped residents clear mud from their houses in Sant Llorenc.
Why has Samsung put four cameras on the Galaxy A9? The Samsung Galaxy A9 is set to go on sale in November this year starting at £549 - retailing over £200 less than the Galaxy S9 . And that's not where the cameras end, since there is a 24MP front-facing camera with f/2.0 for all selfies and video calls.
It will take more than a daily stock market correction to stop the Fed from hiking, said George Goncalves, managing director and head of fixed income strategy at Nomura in NY.
The Justice Department approved CVS' purchase of health insurer Aetna.
Defense and aerospace parts supplier Esterline Technologies rallied after it agreed to be bought by TransDigm for $122.50 per share in cash, or $3.61 billion.
USA crude settled down $1.79 at $73.17 per barrel and Brent fell $1.91 to settle at $83.09. Natural gas rose 0.6 per cent to $3.28 per 1,000 cubic feet.
Gold rose 0.2 per cent to $1,193.40 an ounce. Silver dipped 0.5 per cent to $14.33 an ounce.
Japan's Nikkei 225 added 0.2 per cent, South Korea's Kospi dropped 1.1 per cent and the Hang Seng in Hong Kong gained 0.1 per cent.
The CAC 40 in France dropped 2.1 percent, Germany's DAX lost 2.2 percent and the FTSE 100 in London fell 1.3 percent. Before that, Bitcoin was showing stability in value as per the general crypto volatility standards around the same time stock market indexes were trending sideways. Rising interest rates from the Fed and a tight employment market don't reassure investors, either. Brazil's Bovespa lost 2.5 percent and the Merval in Argentina sank 2.2 percent.
The Australian dollar slipped against major currencies, down to 70.7 U.S. cents, 53.6 British pence, 61.4 Euro cents and 79.5 Japanese yen. The British pound rose to $1.3197 from $1.3146.
With four cameras on the rear glass case, Samsung is touting this device as the ideal offering for the Instagram generation. The Galaxy A9 has a 6.3-inch full HD AMOLED display that's edge to edge but with narrow bezels on the top and bottom.
The battery on the smartphone is a 3500mAh unit which sounds promising, and it charges over micro USB, but no fast charging here. The model featuring 3GB of RAM and 32GB of on-board storage will be made available, but its pricing is yet to be revealed.
The unexpected brute that quickly sprang from a weekend tropical depression grew swiftly, rising in days to a catastrophic storm. Michael is likely to cause flooding and a storm surge along the coast. "It will be life-threatening and extremely unsafe ".
Those policies are all seen as initiatives of the crown prince, who has also presided over a roundup of activists and businessmen. He is an outspoken critic of Saudi Arabia who has dared to defy Crown Prince Mohammed bin Salman, the kingdom's de facto ruler.
NASA had issued a worrying tweet on Thursday morning saying: 'There's been an issue with the booster from today's launch. NASA said search and rescue crews were en route to the projected landing site, expecting to arrive in about 90 minutes.
CNBC earlier reported that the company was arranging a bankruptcy loan, known as debtor-in-possession financing. The company's shares are trading at around 59 cents and are down more than 90 per cent in the last 12 months.
The storm is expected to affect many communities in the Carolinas still reeling from Hurricane Florence. But without extensive study, they can not directly link a single weather event to the changing climate.
But a sloppy service game down 4-5 cost Kyrgios the set and he unravelled from there amidst a stretch of five lost games. Kyrgios, who again at times appeared largely disinterested, was downed 4-6 6-4 6-3 by American qualifier Bradley Klahn .
A second market participant confirmed the central bank was keeping out of the market, effectively letting the currency devalue. It said, the prediction is lower due to recent increase in oil prices and the tightening of global financial conditions.
She told Ball: "Yes obviously I apologise, and I can't apologise enough to everyone who it hurt and involved". Viewers tweeted a range of reactions to Seann Walsh and Katya Jones's apology on It Takes Two .
Rare Polio-like Illness On The Rise In Children
Though officials have observed a rise in cases since 2014, the condition's origins remain unclear. The CDC estimates that less than a million people will get AFM every year in the United States.
Where Is Hurricane Michael Right Now?
In some states, like Virginia and North Carolina, it's a misdemeanor to refuse a mandatory evacuation order. A hurricane warning remains in place from the Alabama-Florida border to the Suwannee River in Florida.
Global stocks tumble after Trump 'crazy' Fed comment
US consumer price inflation is now above 2 percent annually and the unemployment rate is the lowest in about 40 years. Of the stock market, he said , "Actually, it's a correction that we've been waiting for, for a long time".
Michael responsible for child's death in Georgia
Video footage captured during the storm showed homes totally inundated by storm surge as winds tore houses apart. Hurricane Michael's battering waves swamped streets and docks and shrieking winds splintered trees and rooftops.
Space telescope Hubble has failed
Launched in 1990, Hubble has had trouble with its gyroscopes before. "We'll work through the issues and be back", she wrote. But only three gyros are needed for normal telescope operation with the others held in reserve.
Pipeline explodes near Prince George, B.C.: RCMP
As a precaution, an adjacent natural gas pipeline owned and operated by Enbrige has also been depressurized, ' the statement said. The Pembina line was shut down at points on both sides of the incident, and the company is draining down the line.