Asian markets plunge after Dow Jones closes down by over 1000 points


Stocks plunged again Thursday, extending a streak of losses that has yanked the market away from record highs. The swings came one day after the steepest drop in 6 1/2 years.

Stock indexes around the world also fell Monday, including London's FTSE 100, which closed down 1.5 percent, and Japan's Nikkei, which fell 2.5 percent.

The sharp selloff in recent days was kicked off by concerns over rising inflation and bond yields, sparked by Friday's January report, with investors pointing to additional pressure from the violent unwinding of trades linked to bets on volatility staying low.

Equity options trading volume, already elevated this week, is likely to pick up as February contracts approach expiration next week, said Jon Cherry, head of U.S. options at Northern Trust Capital Markets in Chicago.

The Dow Jones industrial average is now at 23,860.

In other news, the Treasury Department auctioned $24 billion in 10-year notes at a high yield of 2.811.

While the more than 1,000 point tumble in the Dow Jones industrial average led the market lower, the US dollar's weakening against the Japanese yen also hurt export manufacturers' shares. Gold, for example, was up 0.4 percent at $1,343 an ounce.

For the year, the broad market has lost all of its 2018 gains and is down around 3.5%.

White Home sees good likelihood of long-term Funds deal
The bipartisan compromise would provide the Pentagon and domestic programs with an extra $300 billion over the next two years. Sanders says it will move the White House away from "crisis to crisis budgeting".

The Standard & Poor's 500 index gave up 77 points, or 2.9 percent, to 2,603.

It's been a insane few days on Wall Street.

Even the most bullish of market strategists will say a correction is ultimately healthy for a market because it removes some of the froth and speculation.

US stocks are lower Thursday morning as losses from the previous day continue.

So while the market plunge might rattle investors and ding consumer confidence, it is not a sign that the economy is in trouble.

United States stocks had plunged around 4 per cent on Thursday in another dramatic session, confirming a correction that has thrown the market's almost nine-year bull run off course. Those stemmed from the U.S. jobs report on Friday (Saturday NZT).

YDSTIE: Enthusiasm about a corporate tax cut had helped drive the stock market up a whopping 7 percent in January to a record high. On the Nasdaq, 1,596 issues rose and 1,056 fell.

While navigating volatile trading, money managers urged investors to keep calm and noted that the US and global economies remain strong.

Cabot Oil & Gas Corporation (COG)
The active investment managers in our partner's database now own: 51.85 million shares, up from 51.70 million shares in 2017Q2. Rampart Investment Management Ltd Llc holds 0.05% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG) for 5,901 shares.

"However once this kind of stampede starts it's hard to stop".

Hong Kong's Hang Seng Index closed at 30,626.41, down just over 5 percent. All three were lower earlier.

Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year.

Stephen Schwarzman, the chairman and CEO of financial firm Blackstone, warned recently of a potential "reckoning" in markets.

Coupe said the volatility is rising because investors are undecided whether stocks or bonds are the better bet at the moment. "We're monitoring the stock markets, they are functioning very well and we continue to believe in the long-term impact of the stock markets", Mnuchin said.

"We haven't seen the Dow [or] the S&P touch the 200-day moving average on a cash market basis", he told me Tuesday.

On Monday (Tuesday NZT), the Dow finished down 4.6 per cent while the S&P 500 sank 4.1 per cent, to 2648.94.

Higher Risky stock is more profitable: AbbVie Inc. (ABBV)
Visionary Asset Management owns 1.1% invested in AbbVie Inc. (NYSE:ABBV) earned "Neutral" rating by UBS on Monday, September 25. Pinnacle Associates Limited invested 0.09% of its portfolio in The Coca-Cola Company (NYSE:KO). (NYSE:ABBV) or 3,494 shares.