• About
  • Advertise
  • Careers
Friday, August 1, 2025
  • Login
No Result
View All Result
Hindustan Surkhiyan
52 °f
New York County
  • World
  • USA
  • New York
  • Bangladesh
  • India
  • Sports
  • Entertainment
  • Science & Tech
  • More
    • Opinion
    • Fashion
    • Business & Economy
    • Interview
    • Literature
      • poetry
    • Lifestyle
      • Biography
    • Nature
    • Travels
    • Cartoons
  • বাংলা
  • World
  • USA
  • New York
  • Bangladesh
  • India
  • Sports
  • Entertainment
  • Science & Tech
  • More
    • Opinion
    • Fashion
    • Business & Economy
    • Interview
    • Literature
      • poetry
    • Lifestyle
      • Biography
    • Nature
    • Travels
    • Cartoons
  • বাংলা
No Result
View All Result
Hindustan Surkhiyan
Home USA

Dow plunges 1,000 points, entering ‘correction’ territory

February 9, 2018
in USA
Reading Time: 3 mins read
A A
Dow plunges 1,000 points, entering ‘correction’ territory

Trader Anthony Carannante, left, works on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)

7
VIEWS
Share on FacebookShare on Twitter

Hindustan Surkhiyan Desk:The Dow plunged more than 1,000 points just before the final bell clanged Thursday. It represented a full market correction, defined as a 10 percent drop from its 52-week high.

The S&P 500 also dropped 3.7 percent to a new low for the week.

After a record run-up, stock markets have been newly volatile following a stronger-than-expected January jobs report. Some investors saw the fastest rate of wage increases in recent times as a signal that the Fed might hike interest rates higher and sought to lock in gains, leading to the sell-off.

“It’s really about people thinking the Fed is either behind the curve or actually has to be more aggressive,” Stephanie Link, global asset management managing director at TIAA, told CNBC. “That fear, that unknown, is really what’s driving a lot of the anxiety.”

The Dow Jones Industrial Average year to date

By closing at 23,860 points, the Dow Jones industrial average was set back to its level on Nov. 17, 2017, and officially corrected. The index peaked at 26,616 points just two weeks ago.

And the ride isn’t over.

“With the market closing at the low end of the day’s range, expect more gyrations in the days and weeks to come,” Greg McBride, chief financial analyst for Bankrate.com, said in an email.

In the big picture, the dip isn’t unusual. If you had put $100 in the market at its peak, you would still have $90. What is unusual is that there hasn’t been a correction in the stock market since 2016. Corrections along the way when things get overheated help prevent a big crash later.

 
What is a stock market correction?7:41

“When the market declines sharply, everyone naturally wonders ‘What’s wrong?’ Nothing is wrong economically,” McBride said. “The economy is doing better now than it has any time in the past decade. This is just some healthy, and overdue, volatility to wring out any excess.”

Experts cautioned against running to hit the “sell” button.

“Markets move in both directions, full stop. For investors, particularly those unnerved by seeing such sharp declines, it’s never been more important to stay committed to long-term goals,” Mike Loewengart, VP, Investment Strategy at E*TRADE, wrote in an email.”NBC

Previous Post

US budget vote delay as senator foresees ‘spending oblivion’

Next Post

PM Modi to leave for 3-nation visit today

Related Posts

‘Long Overdue’: Senate Republicans Ram Through Trump’s Foreign Aid Cuts Package

‘Long Overdue’: Senate Republicans Ram Through Trump’s Foreign Aid Cuts Package

July 17, 2025
Cuomo Eyes NYC Mayor’s Seat as Independent — But Faces Hurdles Ahead

Cuomo Eyes NYC Mayor’s Seat as Independent — But Faces Hurdles Ahead

July 13, 2025
Judge Blocks Trump’s Order Restricting Birthright Citizenship

Judge Blocks Trump’s Order Restricting Birthright Citizenship

July 10, 2025
The Fourth of July: The Meaning and Promise of Freedom

The Fourth of July: The Meaning and Promise of Freedom

July 4, 2025
Next Post
PM Modi to leave for 3-nation visit today

PM Modi to leave for 3-nation visit today

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Recent

Severe Flooding in New York City: Semi-Truck and Numerous Vehicles Trapped on Queens Highway

Severe Flooding in New York City: Semi-Truck and Numerous Vehicles Trapped on Queens Highway

August 1, 2025
Midtown Tragedy: A Hero and Three Innocent Lives Lost in One Day

Midtown Tragedy: A Hero and Three Innocent Lives Lost in One Day

August 1, 2025
A City Bows Its Head: 30,000 Mourn Officer Didarul Islam

A City Bows Its Head: 30,000 Mourn Officer Didarul Islam

July 31, 2025
Midtown Deadly Shooting Becomes Central Focus in Fierce New York City Mayoral Race

Midtown Deadly Shooting Becomes Central Focus in Fierce New York City Mayoral Race

July 31, 2025
Tragedy at Ferry Point Park: Two Young Lives Lost in Bronx Shooting

Tragedy at Ferry Point Park: Two Young Lives Lost in Bronx Shooting

July 31, 2025

Follow Us

Shah J. Choudhury
President
Husneara Choudhury
Editor
A Unit of Shah Group
USA Office: 70-52 Broadway 1A, Jackson Heights, NY 11372. Contact:‭ +1 (718) 496-5000.
Bangladesh Office: F-29, Road-01, Sector-02, Aftabnagar, Dhaka-1212.
India Office: 352, Block A, Sector 2, Rohini, New Delhi 110085. Contact: +91 987 343 8786.
Email: hindustansurkhiyan@gmail.com, www.hindustansurkhiyan.com

A Unit of Shah Group
© Copyright 2022, All Rights Reserved by Hindustan Surkhiyan
Privacy Policy   Term & Conditions

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • World
  • USA
  • New York
  • Bangladesh
  • India
  • Sports
  • Entertainment
  • Science & Tech
  • More
    • Opinion
    • Fashion
    • Business & Economy
    • Interview
    • Literature
      • poetry
    • Lifestyle
      • Biography
    • Nature
    • Travels
    • Cartoons
  • বাংলা

© Copyright 2022, All Rights Reserved by Hindustan Surkhiyan

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.