Global markets misery as Dow Jones' 2018 gains are erased
Global markets misery as Dow Jones' 2018 gains are erased
Cannabis seedlings are shown at an Aurora Cannabis facility Friday
30 October, 2018, 03:13
The S&P 500 index jumped 1.9 percent to 2,705.57.
USA bond prices rose.
Market favorites like technology and consumer-focused companies have borne the brunt of the sell-off. Amazon sank 8.5 percent to $1,632.79 while Alphabet slid 4.9 percent to $1,047.62.
More than 350 companies out of the 500 tracked by the S&P 500 index have lost more than 10 percent of their value since hitting their 52-week highs, according to a recent analysis from Reuters.
United Parcel Service slid 5.5 percent to $107.93 after the shipping company reported weak worldwide revenue, while the strong dollar and high fuel prices also hurt its results. Hong Kong's Hang Seng sank 1.1 percent.
Disappointing quarterly earnings and outlooks are stoking investors' worries that Corporate America's tax cut-fueled earnings growth will fade in coming months as interest rates rise and the trade conflict with China raises costs.
The SPI200 futures contract was down 94 points, or 1.62 per cent, to 5,700.0 at 0700 AEDT on Thursday, signalling another opening plunge for the local market after energy and materials shares drove it lower on Wednesday. Heating oil added 1.2 percent to $2.28 a gallon and natural gas gained 1.1 percent to $3.20 per 1,000 cubic feet. They get more insight into how the American economy is doing later in the day when the USA government reports on economic growth during the third quarter.
Several big companies, including Amazon, AT&T and Alphabet, have reported earnings or revenue this week that fell short of expectations. A gain above 3.26% would have been the Nasdaq's best day since August 2015, and the index flirted with that level late in the afternoon before falling just before the close.
Media and communications stocks, banks and health care companies also took heavy losses.
Amazon slumped 8.6 per cent and Google's parent company, Alphabet, gave back 3.8 per cent.
The S&P 500 rose 61 points, or 2.3 percent, to 2,717.
United Parcel Service slid 5.5 percent to $107.93 after the shipping company reported weak worldwide revenue, while the strong dollar and high fuel prices also hurt its results.
USA stocks tumbled overnight, confirming a correction for the Nasdaq and erasing the Dow and S&P 500's gains for the year.
Apple (AAPL.O) fell 1.6 percent after hours, while Twitter (TWTR.N) dipped 2.5 percent.
Chipmakers Texas Instruments and STMicroelectronics warned of slowing demand.
Reacting after hours, Netflix dipped 1.9 percent and Facebook, which reports results on October 30, lost 1.5 percent.
Boeing was one of the few gainers Wednesday.
Alec Young, managing director of Global Markets Research at FTSE Russell, said various macroeconomic barriers have contributed to the overall decline in the stock market after reaching highs earlier this year. Brent crude, the benchmark for worldwide oil prices, added 0.9 percent to close at $77.62 a barrel in London.
Martial was excellent in the game as he won us a penalty and scored a brilliant goal to give us a 2-0 lead. However, Chris Smalling gave away a needless penalty kick which brought Everton back into the game .
India did not get off to an entirely bright start as Rohit Sharma perished early and this brought captain Kohli to the crease. News agency PTI quoted chief selector MSK Prasad as saying the decision did not mean that Dhoni's career is over.
Sox second baseman Ian Kinsler fielded the ball, but his off-balance throw to first sailed outside the reach of Christian Vazquez. Mike Winter said he saw Betts and another man, later identified as Betts' cousin, putting the food out before offering it.
This will be the most radical redesign yet similar to how the iPhone X had changed their smartphone appearance moving forward. Apple is also likely to bring the new generation Pencil stylus with improved sensitivity and also offer longer battery life.
The report comes after Egypt and the United Nations exerted pressure on Israel to restore calm between the IDF and Hamas. But Israel holds Hamas, which seized control of Gaza in 2007, responsible for all fire emanating from the territory.
The bayou is in Lemoyne, on the South East side of the map, riddled with all sorts of interesting wildlife, including alligators. Zoom and pan functions will let you explore, spot Gang Members easily, find Wanted Areas and other vital locations.
We'll learn more about the Samsung Galaxy S10 in February 2019 during the MWC when the flagship might be officially announced. This report comes from Bloomberg , which spoke with multiple, unnamed sources who are familiar with Samsung's plans.
In the cable, Israeli Foreign Ministry official Yacov Hadas said: "They [the Gulf states] believe Israel can work magic". The trip to Oman, an Arab country with no formal ties to Iran, had not been announced in advance.
On the contrary, she has said she fully intends to see out her term, which is supposed to end in 2021, and not seek a fifth term. Merkel's party managed an unimpressive win, narrowly salvaging a majority for its regional governing coalition with the Greens.
There were 36 second-tier winners, those who picked five winning numbers but did not match the Mega Ball. They missed out on the $1.5 billion prize, but this group is more than happy with their million.
The Cavaliers will need Hood to up his intensity on both ends if they hope to slow down Oladipo on Saturday night. Daniel Theis had 17 points and eight rebounds, Gordon Hayward supplied 15 points and Terry Rozier added 14.
Pittsburgh mayor opposes Trump's call to arm synagogues
A gunman opened fire during a baby naming ceremony at the Tree of Life Congregation in Pittsburgh's Squirrel Hill neighbourhood. Authorities searched Bowers' apartment Saturday and his vehicle Sunday, Jones said, but he would not comment on what was found.
Travis Scott Campaigns For Beto O’Rourke In Houston
"I can think of nothing more American, than to peacefully stand up or take a knee for your rights, anytime, anywhere, any place". O'Rourke, from El Paso, climbed a ladder to speak to the crowd, thanking everyone for showing up and supporting his campaign.