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Wed Oct 10, 2018, 03:39 PM

U.S. Stocks Plunge as Yield, Trade Worries Deepen: Markets Wrap

U.S. stocks tumbled the most since April as fresh concern about the impact of the trade war with China roiled technology and industrial shares. Treasuries rose with the yen demand for haven assets.

The S&P 500 fell to the lowest in almost two months, the Dow Jones Industrial Average plunged as much as 640 points and the Nasdaq 100 Index tumbled more than 3 percent in a broad selloff in U.S. equities. Boeing and Caterpillar dropped at least 2.9 percent, while computer companies kept the broader measure on its longest slide since Donald Trump’s election win.

Fastenal Co. added to angst that the trade war with China is raising materials costs that will crimp profit margins. Estee Lauder and Tiffany led losses after French luxury goods maker LVMH confirmed China is enforcing customs rules more strictly as trade tensions remain high. The Cboe Volatility Index rose past 20 for the first time since April. Oil fell from $75 a barrel even as a major hurricane headed for the Florida Panhandle.

https://www.bloomberg.com/news/articles/2018-10-09/asia-stocks-point-to-mixed-start-treasuries-rise-markets-wrap?srnd=premium

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Reply U.S. Stocks Plunge as Yield, Trade Worries Deepen: Markets Wrap (Original post)
Troll2 Oct 10 OP
pavulon-lives Oct 10 #1
RCW2014 Oct 10 #2

Response to Troll2 (Original post)

Wed Oct 10, 2018, 04:12 PM

1. Sky is falling (news at 11)(nt)

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Response to Troll2 (Original post)

Wed Oct 10, 2018, 04:39 PM

2. Hell, I heard it was ugly earlier this morning but spent my day on Crooked Lake fishing before the

cold weather moves in tomorrow but didn't know it got "that ugly"...

Elections coming..."it's the economy, stupid"!!!

Thanks for posting.

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