Dec 23 2018
Without a decent rally, this could be the worst December since 1931.
Equities hit their low for the day after U.S. House of Representatives Speaker Paul Ryan announced that President Donald Trump would not sign a temporary government funding resolution.
The index is now down more than 10 percent for December, putting it on track for its worst monthly loss in nearly a decade.
Benchmark 10-year Treasury notes last rose 2/32 in price to yield 2.783 percent, from 2.789 percent late on Thursday. In general, shutdowns don't affect the USA economy or the market much unless they stretch out for several weeks, but investors don't like uncertainty, especially in Washington. The Nasdaq tumbled 195.41 points to 6,332.99, or 21.9 per cent below its peak of 8,109.69 on August 29.
The market swoon is coming even as the USA economy is on track to expand this year at the fastest pace in more than a decade.
The possibility of a partial shutdown of the federal government also loomed over the market on Thursday, as funding for the government runs out at midnight Friday.
The Nasdaq's fall reflects a sharp move by investors away from what had been the market's leaders - the so-called FAANG group of five favorite technology and internet stocks.
Among other threats: the trade dispute between the USA and China, and rising US interest rates, which act as a brake on economic growth by making it more expensive for businesses and individuals to borrow money. The Dow is off 10 percent for December, and the Nasdaq is down more than 19 percent since August 29.
US stocks sink after Fed rate hike, Dow swings over 700 points to close down 1.5%
"I think clearly you have a situation here where the market has overreacted to the Fed's comments, and you see programmed trading taking over", he said in an interview with Fox Business Network.
After years of gains, U.S. investors are fleeing stocks, anxious about a range of factors likely to hit corporate profits, including slowing economic growth domestically and overseas.
The Nasdaq composite declined 108.42 points, or 1.6 percent, to 6,528.41.
Major U.S. indexes are now 16 to 26 percent below the peaks they reached in the summer and early fall. And the Federal Reserve added to those concerns this week by signaling that its rate-increase plan will continue into 2019 despite downgrading its economic growth forecast. The S&P 500 also dropped 1.79 percent, while the Nasdaq Composite slipped 1.63 percent to enter bear market territory.
Oil prices continued to retreat.
In France, the CAC 40 lost 1.8 percent and Germany's DAX fell 1.4 percent.
As recently as October, yields had been at a seven-year high of 3.261 percent.
The Latest Developments Involving Manafort And Flynn In Mueller's Investigation
In Tuesday's filing, Flynn gives details on meeting with FBI investigators near the beginning of the Trump administration. The agents also, according to Flynn's lawyers, did not advise Flynn that lying to the FBI is a federal offense.
France Yellow Vest protest: President Macron vows HUGE €100 pay rise
The government was forced to suspend a fuel tax last week, addressing the original reason for the demonstrations. The crucial impact of Yellow Vest protests was admitted in a survey published by the Bank of France on Monday.
Bound Southwest Flight Turns Around After Human Heart Discovered Onboard
Someone forgot to unload the heart before the plane left for Dallas, and the captain announced over Idaho they were turning back. However, many passengers were confused after finding out that a heart has limited time before it has to be transplanted.
Dec 22 2018
United icon Keane lambastes current team
The inevitable question regarding United's culture of promoting youth to the first team was asked and Solskjaer sounded very excited about carrying on the tradition.
Dec 21 2018
Russia's Putin - nothing to stop us adding other states to nuclear pact
There is only one aim: "to hold back Russia's development", he said, later lamenting that ties with Britain were at a "dead end". He drew skepticism even from state TV as he touted the year's growth outlook of 1.8 percent and an upturn in household incomes.
Dec 20 2018
Japan plans first aircraft carriers since World War II
It was unclear whether the F-2 successor would be made-in-Japan or jointly developed. The conversion should be completed within five years.
Dec 19 2018
India captain Virat Kohli 'looking silly' after verbals with Australia in Perth
The struggles of the Australian batsmen were a far cry from the command of Kohli as he anchored his team's first innings. Incidentally, Kohli was the captain in that game too, though as a stand-in.
Dec 18 2018
Sen. Amy Klobuchar Calls Texas Affordable Care Act Ruling ‘Absurd’
The Republican-led Congress previous year eliminated a penalty that the ACA levied on people who opted not to obtain insurance. The lawsuit also argues that the entire ACA is unconstitutional because the mandate is not severable from the rest of the law.
Dec 15 2018
Napoli's Arkadiusz Milik 'sorry' after last-gasp save from Liverpool's Alisson
Burnley have faced four of the top six so far this season and are yet to pick up a point, scoring one goal and conceding 14. They lost 2-1 to Inter in the San Siro in their first meeting in September.
Dec 14 2018
Chinese companies buy more than $180 million worth of USA soybeans
The German company BMW AG also exports its sports utility vehicles to China from the U.S. , and it saw its shares go up by 1.8%. The companies did not immediately respond to requests for comment.
Dec 13 2018
Champions League: What Liverpool must do the reach knockout stages EXPLAINED
Klopp's side, finalists last season, have lost all three of their Group C away matches to leave them in danger of elimination. They have lost the first leg 1-0 in Naples. "So far at home we are good, but we have to be even better tomorrow night".
Dec 12 2018
Isha Ambani pre-wedding ceremonies
Mukesh Ambani's elder son Akash and his soon-to-be wife Shloka Mehta walked hand-in-hand during Isha-Anand's Sangeet function. Guests received personalised wedding invitations via LCD screens and ate with utensils crafted of pure gold and silver.
Dec 12 2018
Who is Kenneth 'Zoo' Petty? Nicki Minaj Defend's Boyfriend's Sex Offender Status
Palmer's comments about the man Nicki is dating and about what her fans think seem to be the source of Nicki's anger. The couple was seen vacationing at a beachside resort where she celebrated her 36th birthday over the weekend.
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