Tech is leading the stock market rebound

Tech is leading the stock market rebound

Tech is leading the stock market rebound

BP shares fell 7.05p to 475p as investors focused disappointing fourth quarter results, which showed a replacement cost (RC) loss for the fourth quarter at 583 million dollars (£417 million), sinking from a 72 million dollars (£51.5 million) profit during 2016. Exxon Mobil (XOM) fell 3.5 percent. The yield on the 10-year Treasury note rose to 2.75 per cent from 2.71 per cent. Since other economic research suggests the 4 percent figure might be too low, it is likely the figure is about right. Less than a week after Donald Trump used stock market growth as an argument for his economic policies, the Dow Jones and other indicators took a plunge in the most recent two trading days.

The highest bond yields in years are making bonds more appealing to investors compared with stocks.

The Dow closed at 24,345.75. By early afternoon, the Dow had pared its gains and was up less than 100 points.

What is the stock market telling us with its precipitous drop over the last several days? The Nasdaq climbed 148, or 2.1 percent, to 7,115.

Still, the Dow's precipitous drop created a climate of uncertainty in global markets. By Tuesday, it was once again slightly higher for 2018.

Wholesale gasoline lost 4 cents to $1.81 a gallon.

Both the S&P 500 and the Dow Industrials slumped more than 4 per cent on Monday, their biggest falls since August 2011. The selling spread to overseas markets.

The S&P 500 also opened lower but quickly bounced back and was up 16 points just before 10 a.m.

Few people pay current bills and expenses from their stock market accounts.

He did keep an eye on the market's performance during his congressional testimony Tuesday morning.

He added that "this time around, we have Blue Friday followed by Black Monday".

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Monday's move was a break from many months of relative calmness and left market participants grappling with an implosion of products that bet against volatility. "I think the fundamentals are quite strong".

Asian markets, on the other hand, have benefitted from record low USA interest rates in the last decade because money has flowed into Asia in search of stronger returns.

US stocks went on another bumpy ride on Wall Street, dropping sharply in early trading before recovering their losses by lunch time. We'll be in a "bear" market if losses reach 20 percent. At its worst on Monday, the Dow was down more than 1,500 points. That came at the end of a day of huge swings for the market. Evidence of higher wages was "whacking" global markets last week, while higher bond yields threatened to "topple" a multiyear rally.

In Toronto, the S&P/TSX composite index was lower by 0.7 per cent at 15,222 points - marking its seventh consecutive day of declines.

Fourth-quarter earnings in the S&P 500 are expected to grow 14 percent, according to Thomson Reuters estimates.

The drop in early trading Tuesday marked the third straight day of steep declines.

If the economy gets much stronger, it could touch off inflation, which has been mysteriously missing for the nine years of the post-crisis recovery.

The swoon began Friday as investors anxious that accelerating inflation and higher interest rates could derail the market's record-setting rally.

Bond investors are pricing in higher inflation than the United States has experienced in recent years, but roughly in line with the 2 percent the Federal Reserve aims for.

The Standard & Poor's 500 index was down 8 points, or 0.3 percent, at 2,639.

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