Published: Mon, February 12, 2018
Economy | By Shawn Conner

US Market Indexes Report Gains on Friday

US Market Indexes Report Gains on Friday

In an indication of the market gyrations, the business channel CNBC calculated that the Dow moved a total of 22,000 points up and down during the week, within a 2,000-point range.

The S&P 500 posted no new 52-week highs and 47 new lows; the Nasdaq Composite recorded 17 new highs and 208 new lows.

Concerns about higher bond yields and interest rates spurred recent selling of equities, though the retreat in the market had been long awaited by investors after months of advances.

The Dow dropped 1,032.89 points, closing at 23,860.46 on Thursday, a 10.4 percent decline from its high last month. As our economy continues to surge, the financial markets fear it will start driving prices for goods and services higher.

World stock markets fell on Friday, with major U.

The yield on the USA 10-year Treasury bond touched a four-year high before falling back to 2.83 percent.

Forward of ultimate Daytona 500, Danica Patrick retains feelings in examine
Otherwise, I wouldn't have been doing it. "And that transition started previous year ". Patrick told The Associated Press that Rodgers will be at the Daytona 500 .

The stock has a market cap of $3.56B and the number of outstanding shares has been calculated 57.02M.

The crucial question for today's long-term investors, of course, is does the selling stop here or do we plunge another 10% or so into official bear market territory? Yes, we may experience more volatility as the markets look to digest the latest economic and inflation data. In 2017, the Dow gained 25.1 percent, more than three times its 97-year annual average of around 8 percent. All of the Nasdaq's gains for 2018 were also wiped out. The blue-chip average suffered its second 1,000-point drop in a week on Thursday.

The S&P 500 lost $2.49 trillion in market value from January 26 through Thursday, according to S&P Dow Jones Indices. The Eurofirst index was down 1.9 percent for the day, taking its losses for the week to 7.2 percent-the biggest fall since the eurozone financial crisis of 2011. And as the word implies, the market is correcting its excessive previous rise. "The Canadian index is probably likely to take longer to rebound than the USA indices will, just given that the risk that NAFTA is going to be abolished seems to be increasing with time rather than decreasing". The higher the RVOL the more In Play the stock is.

"We had an epic run". Inflation can also send bond yields higher, which makes it more expensive for individuals, companies and even the U.S. government to borrow money. "Obviously people are reacting". Bond yields are rising. This is worrisome for investors as it could mean that the Federal Reserve would raise interest rates faster than desired.

New York Federal Reserve President Bill Dudley told Bloomberg News on Thursday that if the US economy keeps getting stronger the central bank may be justified in raising rates four times this year. But the Fed is expected to raise rates three times this year.

Scott Wren, senior global equity strategist for Wells Fargo Investment Institute, said investors are anxious that the higher wages could eat into corporate profits and that the Fed could "make a mistake" and raise rates too quickly.

More than 100 Assad forces killed in US-backed attack
Coalition officials alerted Russian officials of the SDF presence via the deconfliction line in advance of the attack, White said. Syria has described an overnight strike by the US-led coalition as a "war crime" and called for the coalition to be dismantled.

Washington is putting more pressure on rates. The compromise, coupled with Republican tax cuts, could lift the federal budget deficit to $1.07 trillion in fiscal 2019, according to Bank of America estimates. To drum up demand for that higher supply, rates may have to go up.

These bond market worries briefly sent the Dow into a correction earlier this week, a 10% decline from recent highs. That means they are in what is known on Wall Street as a "correction", their first in nearly two years.

Corrections are surprisingly commonplace, typically occurring about every two years. Many market watchers had been predicting a pullback, saying stock prices had become too expensive relative to company earnings.

After a sharp loss Wednesday, benchmark USA crude lost 64 cents, or 1 percent, to $61.15 a barrel in NY. But in January, annualized wage growth shot up to 2.9 percent, its fastest pace in eight years.

The strong US economy is certainly a plus for the bull market.

Snowstorm coming tonight could deliver nine inches
The Illinois Department of Transportation also has deployed about 370 plows in the Chicago area to clear local expressways. Some jurors at the Dirksen Federal Courthouse were told not to worry about coming to court Friday because of the weather.

Like this: