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

TedTed
edited February 2018 in Fund Discussions
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

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