Samsung Max launches as a new tool for privacy protection, data savings
A weird Parkland conspiracy video topped YouTube's trending list
Nintendo 3DS had its best January sales since 2013
Dropbox Files to Go Public
We Should See a New Model This Year
Dow drops by more than 1000 points twice in week
11 February 2018, 01:48 | Megan Pierce
The FTSE 100 fell by 3.5 per cent at the open
But if inflation picks up, the Fed could raise rates more often or more steeply than it had planned.
Specialist Michael Pistillo conducts trades in VICI Properties at the closing bell on the floor of the New YorkStock Exchange, Wednesday, Feb. 7, 2018.
"If this is just the implosion of shorting volatility, it's not the end of the bull market", said Michael Antonelli, managing director of institutional sales trading at Robert W. Baird in Milwaukee.
The Dow and S&P 500 capped off their worst weekly performance in two years last week after a stronger-than-expected jobs report sent interest rates higher. The Dow moved almost 500 points during trading on Wednesday before closing down 19 points, or 0.08 per cent, at 24,893.
Regardless of whether the market continues on its downward trajectory - a much more menacing "bear market" looms if stocks fall 20 percent - many analysts said the last two weeks of dramatic drops, rapid rises and followed by more heart-pounding dives have already made a distant memory of the blissful and steady multi-year rise in stocks.
Wall Street anticipates that more government spending will force the Treasury Department to borrow more money by selling additional bonds. It spiked above 50 early on Tuesday.
"We've hit this incredible dose of volatility like nothing we've seen since Brexit", Detrick said.
Treasury Secretary Steven Mnuchin appeared at a previously scheduled hearing on Capitol Hill, where he urged lawmakers to focus on the economy's strong fundamentals.
USA stocks started to tumble last week after the Labor Department said workers' wages grew at a fast rate in January.
ANALYST'S VIEW: "Risk sentiment continues to be wobbly in markets, with USA equities notching a loss at the close, while Brent prices fell sharply to $65 overnight", Mizuho Bank said in a daily commentary.
The Dow closed out a turbulent week with a 330-point rebound Friday but still suffered its biggest weekly loss since January 2016, a tumble highlighted by its first official correction in two years.
Kalla wins, Bjoergen makes history at Winter Olympics
The Norwegian won her 11th career medal to break a tie with Raisa Smetanina of Russian Federation and Stefania Belmondo of Italy. Gold medals will also be decided Saturday in speed skating, short-track speed skating, ski jumping and biathlon.
The Nasdaq composite fell 3.9 percent as Facebook, Amazon and Microsoft all fell at least 4.5 percent. It'll change the complexion of the market. The broader Standard & Poor's 500 stock-index has experienced a similar slide. Prices and yields move in opposite directions, and bond buyers will want a higher yield (and lower price) to make it worth their investment. When bond yields rise, those stocks become less appealing to investors seeking income.
If borrowing costs increase, bond investors will want more return - a higher yield. "The sharp drop in the afternoon seemed to be mainly programmed trading", said Scott Brown, chief economist at Raymond James.
Global markets mostly rose and appeared calmer on Wednesday. Natural gas rose 1 cent to $2.76 per 1,000 cubic feet.
The CAC 40 in France picked up 1.8%. The Japanese Nikkei 225 plunged 4.7%, while the Shanghai composite pulled back 3.4%.
The biggest technology companies fared the worst.
Wynn Resorts climbed about 10% after casino mogul Steve Wynn resigned as chief executive following allegations of sexual misconduct.
"Know what you own, why you own it and not have more than a 4 to 5 percent concentration in any one stock because you expose yourself to undue risk", he said.
He has denied the accusations but said he could not be effective in his corporate positions in the face of those allegations.
While that's good news for workers, it has sparked concerns about inflation.
Newspaper publisher Tronc soared 3.45 dollars, or 19.1%, to 21.55 dollars after it agreed to sell the Los Angeles Times and a group of other newspapers to Dr Patrick Soon-Shiong, a major Tronc shareholder and former board member, for 500 million dollars. U.S. futures fluctuated before falling, while Treasuries steadied and the dollar rose.
Chris Ballard never tried to persuade Josh McDaniels to stay
The Colts said McDaniels informed them on Tuesday evening that he would not sign the deal. "So you know he's a big-time coach". NFL Network reported the Colts also have submitted a request to interview Bills defensive coordinator Leslie Frazier.
What is mixed doubles curling?
Morris won Olympic gold in 2010 playing third for Kevin Martin, while Lawes topped the podium in 2014 as vice for Jennifer Jones. They're now ranked No. 1 in the world. "So fix that and we are going to be a force".
Korean leaders may have first summit meeting in 10 years
She attributed the decline to a variety of factors including the political taunting between the United States and North Korea. Pence also spent time at the Cheonan Memorial Friday, to honor a ship sunk by a North Korean torpedo attack in 2010.
Mourinho relishing return to 'Mr Robson's home'
When asked why he thought Mourinho had sold him, Mata replied: "I think it was a football reason, style, something like this". When Manchester United and Newcastle met earlier this season at Old Trafford , the men in red easily took all three points.