A global measure of equity prices fell to a 1-year low on Thursday as Wall Street extended its October slide into a sixth session as investors feared an escalating USA trade war with China and risks from a recent climb in interest rates.
US consumer prices rose less than analysts had forecast in September, reducing expectations the pace of inflation is accelerating despite a tightening labor market. The Dow Jones Industrial Average suffered its worst loss in eight months, falling 3.1 percent to 25,598.74.
What will fall hardest?
U.S. government bonds resumed a selloff after rising to multi-year highs last week, with the 2-year yield rising to 2.906%, its highest level since June 2008. All 30 of the Dow's stocks were in the red and it fell below 26,000 total points for the first time in a month, CNN reported.
The Dow Jones industrial average gave up 738 points, or 2.8 per cent, to 25,686.
Whether the lower reading will quell expectations the Federal Reserve will hike interest rates again in December remains to be seen, said Yousef Abbasi, global market strategist at INTL FCStone in NY.
Stocks fell Wednesday as concerns about global economic growth and ongoing trade tensions continued to hang over Wall Street and after the bond market resumed a sell-off that started last week.
The S&P 500 also fell 3.3 percent, marking its fifth straight decline, and the Nasdaq declined more than 4 percent, its worst percentage decline since June 2016.
"Two weeks ago this kind of news would not have affected the market", he said.
Big moves in interest rates tend to unsettle investors, and they can also push them to sell stocks and buy bonds instead.
Selena Gomez receiving mental health treatment The 26-year-old singer and actress is said to be seeking treatment after a rumored panic attack brought on by medical setbacks. Members of her family then drove her to Cedars-Sinai Medical Center in Los Angeles, before being released several days later.
Murkowski on Trump: I know Alaska 'better than he does' Trump on Twitter on Tuesday said he was "very proud" of Kavanaugh and his family, and disparaged the anti-Kavanaugh protesters. None of the witnesses the women said would corroborate their claims did so, and Kavanaugh passionately denied the allegations.
The stock market as a whole, however, had solid reasons behind the fall: rising interest rates.
Luxury retailers tumbled. Tiffany plunged 10.2 percent to $110.38 and Ralph Lauren fell 8.4 percent to $116.96. The stock fell 16.8 percent to 49 cents.
"The speed of changes in bond yields often matters more for equities than the level", Goldman Sachs strategists said in a note.
U.S. gold futures settled up $1.9, or 0.16 percent, at $1,193.4.
The 10-year Treasury yield rose to 3.22 percent from 3.20 percent late Tuesday after earlier touching 3.24 percent.
"That suggests the Fed will keep raising rates, and that's taking the wind out of the stocks that have done the most, particularly in the tech sector".
Oil prices slumped to two-week lows as global stock markets fell, with investor sentiment made more bearish by an industry report showing US crude inventories rising more than expected.
The dollar index fell 0.17 percent, with the euro up 0.25 percent to $1.1518.
Netflix shares fell by 6pc and have now fallen by 12pc in the last five days.
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 deputy mayor of the town, Antonia Bauza, confirmed to Cadena SER radio that two others killed in the area were locals. Some parts of the island received up to 9in (23cm) of rainfall in a matter of hours on Tuesday evening.
Khashoggi was once a Saudi newspaper editor and is a familiar face on political talk shows on Arab satellite television networks. The interview was conducted three days before Khashoggi's disappearance, when he was in London for a conference, the BBC said.
The storm hit roared ashore along the Florida Panhandle, between Tyndall Air Force Base and Mexico Beach , according to NASA . Last Thursday, forecasters were saying that what was then called Tropical Storm Michael " does not pose a threat to land ".
The contract has a massive ceiling value of $ 10 billion over a period of 10 years, one of the largest of its kind in history. With JEDI (Joint Enterprise Defense Infrastructure), the Pentagon is planning a major revamp of its IT infrastructure.
A night after three of his calls at first base were reversed on video reviews, Angel Hernandez was the plate umpire. The Red Sox made it 4-0 when Vazquez lined a 2-1 fastball into the right field seats off Zach Britton.
Here's a look at Hurricane Michael by the numbers, from its historic impact to its winds to its high tides. People seek safety in a shelter as Hurricane Michael approaches, October 10, 2018, in Panama City, Fla .
The blast Tuesday evening shut down the Enbridge natural gas pipeline about 600 miles northeast of Vancouver. The company will update its customers as soon as it is in a position to offer something new, said Stout.
More than 8 inches of rainfall fell in just a few hours on Tuesday morning, according to the Spanish weather company Aemet. After opening his academy to flood victims, Rafael Nadal volunteered to help clear homes of water and mud.
Despite Wednesday's sell-off, the S&P 500 would still need to more than double its losses. "I think the Fed is making a mistake ". In Paris, shares in Kering fell almost 10 percent, LVMH over seven percent and Hermes around five percent.
About eight hours after landfall, Michael was downgraded to a Category 1 storm, with top sustained winds of 90 mph (150 kph). The remainder of Georgia, the Carolinas, and southern Virginia...3 to 6 inches, with isolated maximum amounts of 8 inches.
The Nasdaq composite, which has a high concentration of technology stocks, tumbled 244 points, or 3.2 percent, to 7,495. The Fed aims to raise rates to about 3 per cent. "I believe this selling is an overdone panic", Feinseth said.
Nokia 7.1 Plus To Launch With 'Mega Display', Details
The Nokia 3 .1 Plus sports a 5.99-inch HD+ IPS display with an aspect ratio of 18:9 and for a change, does away with the notch. With all of these in mind, we simply don't see why the Nokia 7.1 can't be that budget Pixel 3 XL but with a different name.
Samsung launches phones with quad, triple cameras
But will that be the reality? What do you think about the new Galaxy A9's price? You'd be forgiven for getting a bit confused. The Galaxy A9 (2018) might not be a flagship, but it keeps pace with its more powerful siblings in more than a few ways.
Saudi Arabia to let Turkey search its Istanbul consulate
Responding to Saudi claims that the cameras were not functioning on October 2, Erdoğan said this was not a logical explanation. Suspicions are mounting that Saudi's crown prince ordered the murder of Saudi journalist Jamal Khashoggi in Turkey.
Prince George and Princess Charlotte to star in Royal Wedding
They weren't included in Harry and Meghan's wedding so they're sure to be excited about the second royal wedding of the year . The Earl and Countess of Wessex's children, Lady Louise Windsor and Viscount Severn will be special attendants on the day.
Sears could file for bankruptcy as soon as this week
CNBC earlier reported that the company was arranging a bankruptcy loan, known as debtor-in-possession financing. Shares of real estate investment trusts (REIT) exposed to Sears properties also fell Wednesday.