Dow Jones closes up more than 560 points — UPDATE

Dow Jones closes up more than 560 points — UPDATE

The Dow quickly recovered much of that loss.

What caused this global fall in the market?

For context the index was down 4.6% yesterday. The Shanghai Composite index fell 3.4% to 3,370.65.

Monday's drop saw Dow Jones fall by 1,175 points, erasing many of the gains from the start of the year.

The point drop was the biggest in a single day in the stock market index's history.

The Dow is down 8.5 percent from the record high it hit in late January. Developed and Emerging markets which borrowed heavily will feel the effects of paying out more than previously.

The Nasdaq fell 273 points.

Often referred to as the Dow, the Dow Jones Industrial Average or DJIA, is the oldest and most watched indices in the world, according to Investopedia.

Last Friday, the Dow experienced its worst weekly percentage drop in two years, after closing down nearly 666 points, or 2.6 percent.

On Friday the markets were spooked by strong US wage growth which raised the possibility of an accelerated pace of interest rate rises.

In Europe, the benchmark Stoxx 600 was down 2.3 per cent after dropping to its lowest level in six months.

"People are not eager to buy stocks on a day like today", Wayne Wicker, chief investment officer at ICMA Retirement Corp told The Washington Post.

The price movements after the open suggested the tendency still existed among some investors, but rising volatility makes the market's course from here anybody's guess.

The broader Standard & Poor's 500 index was up 36 points, or 1.3 percent, at 2,685. There is no need to panic.

Widespread speculation that the Federal Reserve will soon raise interest rates, combined with looming fears of imminent inflation, likely sparked the selloff.

Energy companies were also moving lower as the price of crude oil slipped.

Stock markets in Asia and the Pacific region plunged on Tuesday morning as the global equity rout continued for a third day. Concerns remain over rising interest rates and government bonds generates record-high valuations of stocks.

Copper lost 1.3 percent to $7,076.00 a tonne.

Cryptocurrencies are also being dumped with Bitcoin falling towards $6,000 early Monday.

"We're just not used to it because it's been so long since we've had a significant correction".

Nouvelles connexes:

Nouvelles chaudes

isis-killer-beheading-video-story-top SpaceX envoie une Tesla dans l'espace — Vidéo
Fév 07, 2018 - 08:07
Elon Musk va faire décoller ce soir sa fusée Falcon Heavy , dont le lancement a plusieurs fois été retardé. Pour l'instant, il ne semble pas nécessaire pour SpaceX de faire une fusée aussi puissante.

isis-killer-beheading-video-story-top Dow Jones closes down 4.6% in largest one-day point decline
Fév 06, 2018 - 17:04
When looking at the market over time, it's been climbing steadily over the last year and even over the last five years. Experts have been warning that that wouldn't last forever. "I think computer-driven trading is a part of it as well".

isis-killer-beheading-video-story-top Justin Timberlake Expands "The Man of the Woods Tour", Adds Canadian Dates
Fév 06, 2018 - 14:06
Security: Over the top? The New York Times called him out on his "taste malfunction", for having the gall to reclaim the song. SHAPIRO: And what happens from there? They haven't weighed in on it yet. "It was definitely a great opportunity".

isis-killer-beheading-video-story-top Harris Responds to State of the Union Address
Fév 05, 2018 - 04:27
However, it also shows young Americans pondering the impact of their previous government's foreign-policy rhetoric. The speech was relatively long, with notes of bipartisanship but many appeals to his base.

isis-killer-beheading-video-story-top Mario Kart bientôt disponible sur smartphone !
Fév 04, 2018 - 06:36
On peut actuellement parler de Super Mario Run , Fire Emblem Heroes ou encore Animal Crossing: Pocket Camp . Avec une licence telle que Mario Kart , le succès est même quasiment assuré.

isis-killer-beheading-video-story-top The Heat: Reviewing US President Trump's State of the Union
Fév 03, 2018 - 09:40
Apple wrote the $75 billion includes expected "repatriation tax payments of approximately $38 billion". Tuesday's speech would be a turning point in making South Texas greater than it ever was.

isis-killer-beheading-video-story-top There's a Reason Democrats Don't Want Americans to Have Jobs — Starnes
Fév 03, 2018 - 00:46
Trump looked beyond the House Chamber by recognizing that America is defined by its people, not its government. It was far ahead of cable competition CNN (3.1 million) and MSNBC (2.7 million).

isis-killer-beheading-video-story-top Schumer: We Won't Hear 'Thanks, Obama!' on the Economy
Jan 31, 2018 - 09:31
But the Wall Street Journal reported Trump's attorney Michael Cohen paid Daniels $130,000 to keep it covered up. Here's the editor's note added later: " Updated: The president is still lying, so we've added to this list".

isis-killer-beheading-video-story-top R.Federer en finale après l'abandon de H.Chung — Open d'Australie
Jan 27, 2018 - 22:35
Federer mène 8 à 1 dans ses duels face à Cilic. "Je sais que les ampoules , ça fait vraiment mal, soulignera Federer ". Le jeune tennisman sud-coréen a jeté l'éponge sur un score de 6-1 et 5-2 en faveur de la légende du tennis mondial.

isis-killer-beheading-video-story-top Best of UFC 220 photos
Jan 23, 2018 - 04:14
Although heavily dominated after that first round, Francis Ngannou cannot be counted out of the UFC's heavyweight division. Both fighters were winded by the third round and Ngannou looked sleepy as he whiffed on a few blows in the fifth.

isis-killer-beheading-video-story-top Donald Trump face au "shutdown" de l'administration fédérale — Etats-Unis
Jan 21, 2018 - 02:53
Le sénateur démocrate a accusé le milliardaire de faire la girouette alors qu'un accord était à portée de main après la réunion. Ryan, ces élus démocrates "menacent " la paralysie de l'administration fédérale "à cause de problèmes totalement sans rapport".

isis-killer-beheading-video-story-top Conservative writer: Trump called friends to brag about 's---hole countries' remark
Jan 20, 2018 - 21:31
But the comments about Haiti and African countries, which Trump has denied making, complicated negotiations further. They also said that during the meeting, the President questioned the need to admit more Haitians to the US.

Ce sondage accablant pour Ronaldo — Real Madrid
Jan 19, 2018 - 02:27
Donc une position valable pour Manchester United! Mais pour l'instant, " CR7 " s'est lancé dans un poker menteur avec son club. Pour arracher Ronaldo au Real, les Red Devils devraient débourser au minimum 100 millions d'euros comme le rapporte Maxifoot.

Trump declares 'I'm not a racist — The Latest
Jan 17, 2018 - 21:55
Trump's all for immigration, isn't he? This newsletter covers President Trump and how his policies affect greater Philadelphia. I say "reportedly" because none of us was in the Oval Office last Thursday as Trump and lawmakers discussed immigration.

US President insists he is "not a racist"
Jan 17, 2018 - 13:18
Graham shared a statement on Friday which said: "Following comments by the President, I said my piece to him directly yesterday". Paul said he's openly debated Trump and opposed some of his appointments, the "overreach on FISA and other intelligence".