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stocks after the biggest day of Wall Street in a decade



The wild Christmas week on Wall Street continues: The Dow drops more than 600 points on Thursday afternoon, one day after scoring its biggest point ever.

Volatility was the norm for US equities in December: The Dow fell 1 percent or more in eight of its 17 trading sessions. Despite strong gains on Wednesday, the Dow, the S & P 500 stock index and the Nasdaq composite all fell more than 10 percent during the month.

Further market fluctuations occurred on Thursday as signs of slowing economic growth worldwide and partly in the US The closure of the government into the sixth day resulted in markets that ranged from Europe via Asia to America. At 2:1

5 pm In the East, the Dow had dropped 603 points, or about 2.6 percent, to 22,274.71, after a historic rise of 1,000 points the previous day, while the broader S & P 500 and the tech-heavy Nasdaq Group fell by 2.5% and 3.2%, respectively.

Why Markets Are in a "Distress Crisis"

On Wednesday, US markets had a four-day defeat and their best day in over 10 years, when the Dow rose 5 percent or 1,086 points to 22,878, 45 The S & P 500, the Nasdaq Composite, and the Russell 2000 Index of Smaller Stocks all rose 5 percent or more.

President Donald Trump said there are no plans to oust Fed Chairman Jerome Powell, even though this sentiment seems as volatile as the stock markets. The strong Christmas sales, which rose more than 5 percent in the US during the holiday season, also lifted the mood in the shortened trading week. Mastercard SpendingPulse said US customers spent more than $ 850 billion this year.

"Of course, the question is, is this just a market rally for Snapback Bears or, as Trump said, a tremendous opportunity to buy stocks?" Chris Weston of Pepperstone Group Limited said. "We can judge the fundamental drivers like the bad global economy, the Fed can not change its forward orientation, or make the rate of normalization of balance sheets flexible, and see that nothing has changed here," he added.

Bloomberg reported The US will send a government delegation to trade talks with Chinese officials in Beijing during the week beginning January 7. In it, two persons were mentioned who are familiar with the matter. This was the result of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping in Argentina earlier this month. The two leaders agreed to delay additional tariffs for 90 days to work on disagreements in trade and technology policy.

In Japan, the Nikkei 225 Index rebounded 3.9 percent. On Tuesday he fell more than 5 percent before recovering a bit later the day after. South Korea's Kospi was less than 0.1 percent higher and the Shanghai Composite Index lost 0.6 percent. The Hang Seng Index fell 0.7 percent, while the Australian S & P ASX 200 rose 1.9 percent. The shares rose in Taiwan and throughout Southeast Asia.

Trading on European markets closed at Christmas resumed, the German DAX lost 1.7 percent, the French CAC 40 lost 0.1 percent and the British FTSE 100 fell by one full percentage point [19659003] Benchmark US crude dropped 86 cents to $ 45.36 a barrel in electronic trading on the New York Mercantile Exchange. The contract had its biggest one-day gain in more than two years and stood at $ 46.22 a barrel in New York on Wednesday. Brent crude, used at the price of international oil, lost $ 1.11 to $ 53.36 a barrel.


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