Unlike Bitcoin, Dow Jones Headed Down Again This Week By 1000 Points


It was the Dow's best January since 2013 and the S&P 500's best since 1997.

"The stock market is up significantly. since President Trump was elected".

He did keep an eye on the market's performance during his congressional testimony Tuesday morning. Selling in the bond market led Wall Street to worry that inflation will force the Federal Reserve to speed up its rate hike plans. "It is now up 187 points so we are back up today".

Do you think Dow Jones volatility can mirror that of cryptocurrency markets?

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.

Stocks are mixed in the early going as traders digest a batch of company earnings reports.

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The VanEck Vectors Oil Services ETF (NYSEAMERICAN: OIH) traded up about 0.1%, at $26.23 in a 52-week range of $21.70 to $33.74. Oil slid to the lowest in four weeks after US crude stockpiles increased and domestic crude production touched a record-high.

The Dow Jones industrial average fell 50 points, or 0.2 percent, to 24,122.

By midday it was up 30 points, or 0.2 percent, at 24,395. The yield on the 10-year Treasury note rose to 2.83 per cent from 2.84 per cent.

The British pound increased 0.2 percent to $1.3905, the first advance in a week. The Nasdaq Composite was down 274 points, closing at 6,777.16, and the S&P 500 lost 100 points to close at 2.581.

The bottom of this recent slide remained elusive for investors, who have been whipsawed this week by huge swings that have shaken a market that had only climbed steadily for months.

The global sell-off began last week after a solid U.S. jobs report fuelled expectations that the Federal Reserve would need to raise interest rates faster than expected, because of the strength of the economy.

The market performance also reflects the strong US and global economies, which have boosted corporate profits. Tokyo's Nikkei 225 lost 2.3 percent and Hong Kong's Hang Seng gave up 3.1 percent. Other benchmark indexes kept their losses below 2 percent.

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Weather service meteorologist Trent Frey says the forecast is for up to nine inches of snow in Detroit through late Friday . The Illinois Department of Transportation also has deployed about 370 plows in the Chicago area to clear local expressways.

Stocks plunged again Thursday, and for the second time in four days the Dow Jones industrial average sank more than 1,000 points.

Spreadbetters expected Europe markets to start lower, forecasting an 0.8 percent drop for FTSE, and declines of 0.2 percent for Germany's DAX and France's CAC. If rates rise quickly, that argument becomes much less persuasive.

USA stocks rallied Tuesday as a late surge helped them regain nearly half their losses from the day before, when they had their biggest plunge in 6 ½ years amid heavy trading and huge swings for the market.

United Kingdom blue chips were trading down around 0.26% by 11.13am (GMT), at around 7,153 points while on the continent the Euro Stoxx 50 was down 0.57% to 3,358 points.

The benchmark Standard & Poor's 500 index is now down 8 percent from the record high it set January 26.

The Dow closed at 25520.96, the S&P at 2762.13 and the NASDAQ at 6,967.52.

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