Stocks fall hard amid rising interest rates and earnings fears
00:29, Apr 26, 2018
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The Dow Jones Industrial Average plunged 425 points Tuesday to close at 24,024.
The yield on the 10-year Treasury reached 3 percent for the first time since January 2014. Investors are now adjusting their positions to see how the economy responds to rising interest rates, what corporations will do with those earnings, and how higher levels of inflation affect the mix.
Canada's main stock index fell on Tuesday as lower oil prices weighed on energy shares, while investors anxious about the prospect of higher global borrowing costs after the benchmark US 10-year Treasury note yield hit 3 per cent for the first time in four years.
Caterpillar Chief Financial Officer Brad Halverson said during a call with investors that first quarter earnings "will be the high watermark for the year".
In commodities, oil prices declined sharply on Tuesday as investors awaited weekly inventory data from the US government. The futures on the U.S. oil variety WTI dropped its price by 1.14% to 67.86 United States dollars per barrel.
The energy group fell 0.6 per cent as oil prices declined.
The Dow initially rose more than 130 points on strong earnings reports from Caterpillar and 3M before swiftly reversing.
Google's parent company Alphabet dropped 4.8 per cent, which is nearly all of its gains this year.
The major USA indexes opened higher in response to better than expected earnings but gains quickly diminished after the yield on the 10-year Treasury note climbed above 3% for the first time since 2014.
Stocks are falling sharply on Wall Street as big technology and industrial companies take heavy losses.
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing?
Some companies rose after reporting solid results.
The S&P 500 index fell 5 points, or 0.2 percent, to 2,664.
Declining issues outnumbered advancers on the NYSE for a 1.79-to-1 ratio and for a 1.60-to-1 ratio on the Nasdaq.
Twitter reversed course to trade down 4.9 percent after reporting its second profitable quarter and topping Wall Street estimates for revenue and monthly active users.
Elizabeth was born April 21, 1926, and became queen in 1952 at the age of 25, meaning she has now reigned for more than 66 years. Britain's Queen Elizabeth II smiles during a visit to the Royal College of Physicians, in London, Feb. 20, 2018.
The second incident came during last month's game against RB Leipzig when chants mocking an injured black player were heard. Last year, Spartak Moscow and rivals Dynamo Moscow were both fined by the RFU for racist behaviour from their fans.
The report, which is heavily redacted and on the FTC's website, covers the period between February 12, 2015 and February 11, 2017. The agency is looking at whether Facebook has engaged in "unfair acts" that cause "substantial injury" to consumers.
He was looking at me when I came out, but he stopped. "I wanna become a world champion either this year or next year". It's already been confirmed that Khan has signed a three-fight deal with promoter Eddie Hearn's Matchroom Boxing.
Foremost, the uncertainty sparked by German elections in September set off months of negotiations in Berlin, leaving Mr. Juncker said Macron's arrival in power in France has "given new hope" to the world's biggest trading bloc.
Civilians who had been forced to endure life under the militants left the town through humanitarian corridors in their thousands. USA officials said the assessment was that the strikes, particularly on Barzah, did degrade Syria's chemical weapons capability.
The fact that all of the judges gave 10-9 in favour of Clarke at the end of each rounds underlines the tightly fought bout. He plans to turn professional by the end of this year and the gold here just adds to his accomplished amateur run.
Cohen has said he paid the $130,000 to Daniels himself, was not reimbursed by Trump, and never even told Trump what he'd done. Whether formal or informal, the apparent legal relationship between Cohen and Hannity raises obvious issues.
His City contract expires at the end of next season but the club are confident he will extend for at least one extra year. Former Barcelona and Bayern boss Guardiola was all smiles when he was pictured arriving home after his golf outing.
She also acknowledged Sunday that relations between the USA and Russian Federation , an Assad supporter, are "very strained". However, Syria has forced us to take action by its use of chemical weapons . "We'll see how smart he is", Haley said .
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The Sixers prevailed over the Heat with a 128-108 win in Game 3, which was marked by the return of Philly big man Joel Embiid . Ben Simmons is averaging 19.3 points and 9.8 assists while Dario Saric is averaging 18.8 points and 7.3 rebounds.
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