Dow Jones down over 300 points

Traders work on the floor of the New York Stock Exchange in New York U.S

Heading into the final hour of trade, the Dow Jones Industrial Average was down 98.85 points, or 0.37 per cent, at 26,517.86. It is still up 5.57 percent on the year.

Markets in the U.S. recovered from yesterday's losses, finishing slightly higher.

Fourth-quarter earnings for the S&P 500 are now seen growing 13.2 percent, up from 12 percent at the beginning of the year, according to Thomson Reuters data.

"The clear message from these results is that we have these negative headlines about the iPhone 10 but it's of course not the only client of AMS", Moeller said, referring to a JP Morgan note last week saying iPhone X orders are weakening, which had hit the stock.

Declining issues outnumbered advancing ones on the NYSE by a 3.39-to-1 ratio; on Nasdaq, a 1.75-to-1 ratio favoured decliners.

Elsewhere, the Stoxx Europe 600 fell 0.2%, pressured by declines in shares of utilities and real-estate companies. That's raising fears that the era of extremely low bond rates - which has been very good to the stock market - could soon be over. Investors watch the rising interest rates closely. Higher rates could lead investors to conclude that stocks aren't worth gambling on, especially at these levels.

Higher inflation could also lead central banks to tighten monetary policy faster than the market expects. The day began with three giants of American business - Amazon (founded by The Washington Post owner Jeffrey P. Bezos), Berkshire Hathaway and JPMorgan Chase - teaming up to announce an ambitious yet vague effort to tackle US health-care costs.

The report added to growing concerns around weak sales of the US$999 (RM3,887) phone ahead of Apple reporting it quarterly results on Thursday.




As of Monday's close, health care was on pace for its best monthly performance since October 1999 when it gained 10.98 percent.

The Russell 2000 is up 39.47 points, or 2.6 percent.

Stocks fell lower due to a decline in energy shares amid ongoing evidence of rising USA crude output.

Strategists said President Donald Trump's relatively subdued, and less inflammatory, State of the Union address could be helping the investing mood, as traders brace for a Federal Reserve statement, earnings reports and a raft of economic data.

Despite this week's slide, the Dow is still up more than 5% in January.

The bond market is unnerving stock investors.

The aerospace giant was the biggest percentage gainer on the Dow, helping pull the blue-chip index out of its biggest two-day plunge since September 2016.

Pointing to the chart below, Higgins says "it is quite common for interest rates, government bond yields and equity prices to rise at the same time", adding the caveat that it usually requires investors to have a "growing appetite for risk and a positive view of corporate earnings". "However, trend is more "frenemy" than friend and can change course quickly".

Related news:

Hot News

isis-killer-beheading-video-story-top Prospects of Greg Monroe playing for hometown Pels 'gaining momentum'
Feb 02, 2018 - 04:47

isis-killer-beheading-video-story-top U of T athletes join the conversation on Bell Let's Talk Day
Feb 02, 2018 - 03:17

isis-killer-beheading-video-story-top February is Black History Month
Feb 02, 2018 - 01:48

isis-killer-beheading-video-story-top New Cryptocurrency Regulations to Benefit the South Korean People (Q1 2018)
Feb 01, 2018 - 00:22
Following the news, Ethereum was hammered dropping down to 1,110, but rebounded to settle in down 9% on the session at 1,212. Bitfinex is an online platform that enables traders to buy and sell virtual currencies such as bitcoin and ether.

isis-killer-beheading-video-story-top Orca Learns to Say 'Hello'
Feb 01, 2018 - 00:19
In addition to human sounds, Wikie was exposed to noises made by another killer whale to see if she was capable of imitating them. Wikie successfully copied all of the sounds, the researchers found, though some took longer to learn than others.

isis-killer-beheading-video-story-top Former Diamondbacks GM Kevin Towers passes away from cancer
Feb 01, 2018 - 00:17
Hinch, while leading the Houston Astros to the World Series, revealed that his former boss was in a battle with cancer . He was drafted by the Padres in 1982 and pitched for their farm team until 1989 when an injury sidelined his career.

isis-killer-beheading-video-story-top School-bus sized 'Holy grail' dinosaur discovered in Sahara desert
Feb 01, 2018 - 00:16
Fossil fragments included parts of the mammoth beast's skull, lower jaw, neck and back verterbrae, ribs, shoulders and more. The dinosaur's fossilized remains were uncovered amid an endeavor by scientistss from Mansoura University in Egypt.

isis-killer-beheading-video-story-top Amazon's Jeff Bezos, Warren Buffett, JPMorgan starting healthcare company
Feb 01, 2018 - 00:15
And now the wellness credits are gone, and we've got "private exchanges" and "defined contribution" benefits. John Fanburg , attorney with Brach Eichler in Roseland, also said the announcement was not surprising.

isis-killer-beheading-video-story-top Nintendo Switch Worldwide Sales Surpass Wii U
Feb 01, 2018 - 00:14
While Wii U sales figures for the past two months aren't available, it's unlikely the moribund console has made up the difference. People familiar with the development plans said new peripheral hardware devices for the Switch are planned, without elaborating .

isis-killer-beheading-video-story-top Texas governor orders investigation into sexual assault allegations of gymnastic facility
Jan 31, 2018 - 04:18
Numerous victims testified that their abuse took place at the Karolyi Ranch in Walker County. They said Nassar molested them during monthly training camps at the ranch.

isis-killer-beheading-video-story-top 'Ant-Man and the Wasp' trailer shows Evangeline Lilly kicking butt
Jan 31, 2018 - 04:18
And this time, Scott Lang aka Ant-Man played by Paul Rudd has a new partner, Hope van Dyne aka Wasp played by Evangeline Lilly . In the after credits of "Ant-Man", Hope gets her own super-suit, taking up her missing mother's mantle as The Wasp.

isis-killer-beheading-video-story-top Turkey will 'clean' entire Syrian border, says Erdogan
Jan 31, 2018 - 04:17
Erdogan again hit out at the group on Sunday, saying: "They are not intellectuals, they are a gang of unthinking slaves".

isis-killer-beheading-video-story-top The faces and places at the Super Bowl Tuesday
Jan 31, 2018 - 04:15
Asked Tuesday whether police have found something slicker, Commissioner Richard Ross said, "We think so". No matter what happens - no matter if I play a frightful game, she loves me.

isis-killer-beheading-video-story-top Russia Will Meddle in United States 2018 Midterms, CIA Director Says
Jan 31, 2018 - 04:15
He also said that North Korea may be able to strike the U.S. with nuclear missiles "in a handful of months ". He observed: "The Russians have a long history of these information campaigns.

isis-killer-beheading-video-story-top Facebook, Instagram Banning All Bitcoin, ICO, Other Cryptocurrency Ads
Jan 31, 2018 - 04:15
Facebook has initiated a ban on advertisements for cryptocurrencies and initial coin offerings on its platform. The move is particularly interesting given Facebook CEO Mark Zuckerberg's interest in cryptocurrency.