Stocks fall sharply as sell-off continues

US stocks retreat from records ahead of packed week for corporate earnings

Rising bond yields and a sell-off in healthcare shares sent the United States stock market sliding on Tuesday, with the Dow Jones Industrial Average's 352-point tumble its steepest in eight months.

Boeing helped the industrials sector increase 1.09 percent, the most among the 11 major S&P sectors.

The Dow Jones industrial average added 72.50 points, or 0.3 percent, to 26,149.39.

US Treasury yields climbed to multi-year highs after the start of the Federal Reserve's two-day meeting, which could shed light on the central bank's economic and rate hike outlook.

The market's last two-day losing streak was in late December.

Meanwhile, the closely watched Vix index, which measures volatility based on options prices, also shot up after months of calm, in what some investors say is a sign that more market fluctuation could be coming.

MetLife Inc fell 8.6 percent and was the day's biggest daily percentage decliner in the S&P 500 after news the U.S. Securities and Exchange Commission was investigating the insurer's failure to pay some workers' pensions.

USA stocks pulled back sharply from record levels last week, with the Dow falling more than 100 points, weighed down by Apple after a media report added to concerns about demand for the iPhone X.

The Dow climbed more than 100 points on Wednesday, signaling that the sell-off earlier this week may have been a blip instead of the start of a more serious downturn.

Jamie Lee Curtis posts on-set photo from new 'Halloween'
The 2018 Halloween film will also star Virginia Gardner, Miles Robbins, Dylan Arnold, Drew Scheid, and Will Patton. The new Halloween film, which could end up being the final one in the franchise, hits theaters on October 19.

The CBOE Volatility Index, a near-term gauge of investor anxiety, reached a high of 13.23 on Monday, its highest level since December 1.

The Standard & Poor's 500 index rose 15 points, or 0.6 percent, to 2,837.

HONG KONG - Asian shares extended their bull run on Monday amid upbeat corporate earnings and strong global economic growth, while the dollar struggled to bounce as the White House continued to complain of "unfair" trade practices by competitors. Caterpillar's 2.3 per cent drop weighed the most on the index.

The Nikkei 225 edged down 0.18%.

The Russell 2000 index of smaller-company stocks gave up 7.83 points, or 0.5 percent, to 1,574.98. They had risen about 2 percent premarket, aiming for their 2002 highs, after the company's strong results and forecast.

Apple was down another 1.1 percent on fears that the company will cut production of the iPhone X.

Advancing issues outnumbered decliners on the NYSE by 2,146 to 461. On the Nasdaq, 1,531 issues fell and 1,002 advanced.

The index closed down 362.59 points at 26,076.89 in NY, with the broader S&P 500 index falling 31.10 points to 2,822.43.

Related:

  • National Wear Red Day raises awareness for heart disease

    National Wear Red Day raises awareness for heart disease

    More than 800,000 people in the US die from heart disease, stroke, and other cardiovascular diseases each year. The reason? To highlight what health experts say is the number one killer of women: heart disease .
    Killer whales can imitate human speech and blow raspberries, says new study

    Killer whales can imitate human speech and blow raspberries, says new study

    And since this was just the one whale, the researchers are unsure whether there are more copy-cat killer whales in the wild. The project is delightful, showing that killer whales can pick-up and reproduce novel sounds to a striking degree.
    US Justice Department rejects new trial for senator

    US Justice Department rejects new trial for senator

    The prosecutors argued that the senator began taking bribes from Melgen shortly after he entered the Senate in 2006. Menendez and Melgen, meanwhile, said the men had a long friendship, which explained their exchange of gifts.
  • Rob Gronkowski Returns To Practice, Still in Concussion Protocol

    Rob Gronkowski Returns To Practice, Still in Concussion Protocol

    Go ahead and take the New England Patriots to win their sixth Super Bowl title with Tom Brady to earn his fifth MVP award. Jacksonville ended the game with three sacks, but Brady still made two game-clinching fourth-quarter touchdown passes.

    Ireland to hold referendum on abortion amendment in May

    When he was the country's Health Minister in 2014, Varadkar took a pro-life stance. Opposition leaders are now being briefed on the Attorney General's advice.
    Chiefs agree to trade Alex Smith to Redskins

    Chiefs agree to trade Alex Smith to Redskins

    By trading him, the Chiefs will reap a $17 million savings and hand the keys to Patrick Mahomes as their new starting quarterback. Although Smith said he wishes he could be in control of his 2018 destiny, he hopes he'll be staying in Kansas City.
  • Putin apologises to athletes for situation around Olympic games

    Putin apologises to athletes for situation around Olympic games

    The network says Jones will attend Olympic events, meet athletes and spread her enthusiasm for the games on television and online. Davis, snowboarder Kelly Clark and cross-country skier Kikkan Randall will all be competing at their fifth Winter Games.
    Three killed when helicopter crashes into California home

    Three killed when helicopter crashes into California home

    The woman said the residents of the home that was struck were there, but were in another part of the property and were unharmed. Fire crews said there were five people on the helicopter and they were all reported to be unconscious, KABC said.
    Melania 'blindsided' by porn star story

    Melania 'blindsided' by porn star story

    The first lady has not addressed any of the reports about her, her husband or Daniels and it's highly unlikely that she will. CNN notes she did not appear at two dinners hosted by her husband at Mar-a-Lago during a trip in mid-January.
  • Ukrainian Embassy expects USA  to continue steps to toughen sanctions against Russian Federation

    Ukrainian Embassy expects USA to continue steps to toughen sanctions against Russian Federation

    According to the Treasury, each figure in the " Kremlin report" has an estimated net worth of 1 billion USA dollars. The publication of the so-called "Putin list" angered and dismayed many in Moscow.
    Thomson Reuters in talks with Blackstone

    Thomson Reuters in talks with Blackstone

    In 2016, it off-loaded its intellectual property and science division to Onex and Baring Private Equity Asia for $3.55bn. The company also said it would retain full ownership of its legal, tax and accounting and Reuters News businesses.
    Peacock pouts after United Airlines rejection

    Peacock pouts after United Airlines rejection

    Beginning March 1, the airline will require passengers with service animals to submit paperwork two full days before flying. A woman was recently denied her emotional support animal when she attempted to fly on United Airlines , a peacock .

Comments

Latest news

Michelle Obama tells Ellen to 'forget what they're saying in Washington'
The Obama's made a decision to stay in Washington so their youngest daughter, 16-year-old Sasha , could finish high school there. I mean, this is like a state visit so they tell you you're gonna do this, you're gonna stand here", Michelle said .

Three flu-related deaths confirmed in South Georgia
She adds, everyone should wash their hands with soap and water for at least 20 seconds and to do not forget to cover their cough. It can be a miserable but relatively mild illness in many people, and a more severe illness in others.

Nintendo Forecasts 18 Million Nintendo Switch Units Shipped by March
In addition, of course, there's an impending core Pokémon game, that should see sales of the system skyrocket even more. Kimishima is aiming for more than 20 million units next fiscal year, he said at a news conference Wednesday.

PS4 boosted in Japan after strong Monster Hunter debut
The buzz leading up to the release of Monster Hunter World was considerable, and it seems like Capcom is now reaping the rewards. You might be used to chasing after your prey in Monster Hunter World by now, but all you have to do to get this pack is log in.

Roma move on after failing to agree fee for Man Utd defender
The Italian club want Blind to fill the void initially on loan, with an option to buy in the summer. Blind has made 15 appearances this season but Jose Mourinho wants no further changes to his squad.

Syrian opposition: Turkey to represent us at Sochi summit
The main result of the congress was the decision to establish a constitutional committee . The body is expected to operate under the auspices of the United Nations in Geneva.

Former Gov. John Engler to be Michigan State's interim president
Engler was elected Michigan's 46th governor in 1990 and served until 2003. The school has also said it will bring former Democrat Gov. He says working to change things "starts today".

FOX Sports gets Thursday Night Football for next 5 years
As Ourand said in his tweet, Amazon ran the digital package previous year , but those rights are still undetermined for 2018. The network and the league are working out an agreement on the broadcast package, Bloomberg reported.

Bon-Ton closing two Lehigh Valley stores
Bon-Ton has 260 stores in the US , including furniture galleries and clearance centers, in addition to department stores. The company says closing the stores is all in part of their store rationalization program.

Las Vegas Shooting Documents Include Second Person Of Interest
She noted that there is still an ongoing investigation regarding one other individual connected with the shooting. However, the Las Vegas Review-Journal identified one person as Douglas Haig from police documents.

Netanyahu To Meet Putin To Discuss Russia-Israel Relations
As a gift, the Russian president handed him an original letter that Oskar Schindler sent to his wife, Netanyahu said. Israeli Prime Minister Benjamin Netanyahu meets with Russian President Vladimir Putin at the Kremlin in Moscow.

E-cigarettes may harm DNA and cause cancer
There was also conclusive evidence that e-cigarettes can explode and cause burns and projectile injuries. The team exposed mice to e-cigarette smoke for three hours each day, five times a week for three months.

Pierre Agnes: Quiksilver surfwear boss missing at sea
Agnes sent a message to port authorities indicating that he was delaying his return because of thick fog. Quiksilver , which was founded in Australia, makes clothing for surfers and surfing aficionados.

President recognizes Otto Warmbier's parents during State of the Union
The Kalma Airport on North Korea's eastern coast was the launch site for multiple midrange missile tests in 2016. " North Korea's reckless pursuit of nuclear missiles could soon threaten our homeland", Trump warned.

Suns planning to pursue Pistons' Avery Bradley in free agency
Bradley, 27, has been bothered by a groin injury this season, which caused him to miss seven straight games earlier in the season. In a new environment on a playoff team, Bradley could rediscover his old form and give a contender a valuable perimeter defender.

Other news