The Closing Bell: Dow Erases All Of 2018's Stellar Gains, Goes Negative For Year

Ted

FYI: The Dow Jones Industrial Average wiped out all of its year-to-date gains for 2018 as the stock market unraveled on fears of rising bond yields. The Dow DJIA, -4.35% shed 1,500 points at its low and was recently off 1,055 points, or more than 4%. That intraday move erased all of its gains, pushing it negative, down 1% for 2018 after boasting a return of nearly 6% at the end of January. The Dow was down 838 points, or 3.3%, at 24,695, while the S&P 500 index SPX, -3.88% was off 2.7% at 2,688. The broad-market benchmark was still up 0.6% for the year, but had erased much of its more than 5% gain in January. The Nasdaq Composite Index COMP, -3.53% was off 2.1% at 7,088, retaining a 2.7% return.
Regards,
Ted
Bloomberg:
https://www.bloomberg.com/news/articles/2018-02-04/asia-stocks-brace-for-selloff-bond-rout-deepens-markets-wrap

Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-lower-as-losses-in-energy-bank-stocks-weigh-idUSKBN1FP1OR

MarketWatch:
https://www.marketwatch.com/story/us-stocks-poised-for-fresh-selloff-as-dow-futures-slide-120-points-2018-02-05/print

IBD:
https://www.investors.com/market-trend/stock-market-today/stocks-derail-big-oil-leads-losses/

CNBC:
https://www.cnbc.com/2018/02/04/us-stocks-interest-rates-futures.html

AP:
http://hosted.ap.org/dynamic/stories/F/FINANCIAL_MARKETS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

Bloomberg Evening Briefing:
https://www.bloomberg.com//news/articles/2018-02-05/your-evening-briefing

WSJ: Markets At A Glance:
http://markets.wsj.com/us

SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors

Current Futures: Negative
https://finviz.com/futures.ashx

Crash

How much ya wanna bet there will be pre-programmed computerized buying on Tuesday, by institutions?

Mgconslts

At least bonds had a good day today with the market rout today. Stocks and bonds both dropped on Friday. These seems like an overdue correction.

LewisBraham

Nothing stock investors hate more than seeing workers getting paid better wages:
https://reuters.com/article/us-markets-selloff-explainer/explainer-why-higher-wages-are-whacking-global-stock-markets-idUSKBN1FP28A

catch22

Hi @Crash
Now ya know tis a few hours to markets open on the other side of the international date line, yes?
So, the humans will be ready and the machines do not sleep.
How much do I wanna bet? I'm already betting our portfolio; and I can not afford more than this.
Regards,
Catch

Crash

LewisBraham said:

Nothing stock investors hate more than seeing workers getting paid better wages:
https://reuters.com/article/us-markets-selloff-explainer/explainer-why-higher-wages-are-whacking-global-stock-markets-idUSKBN1FP28A

Yes, Wall Street hates to see Main Street do better, anymore. Sucks. A symptom of the fekkin' OLIGARCHY we now live in. Putridly immoral. The whole "ethic" = "screw the little guy." The goal is unlimited, obscene wealth. Just look at the Trumpster, eh? The Dems are not MUCH better, either.

davidrmoran

yes, they are

come on