When this is compared to October 19 1987 - Black Monday - the Dow sank by more than 22 per cent but only 508 points, which amounted to a crash, albeit a brief one.
Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year. Hong Kong's Hang Seng skidded 5.1 percent and South Korea's Kospi declined 1.5 percent.
The S&P 500 jumped 1.8% to finish at 2,695.29, while the tech-rich Nasdaq Composite Index jumped 2.1% to 7,110.92.
Stocks started to fall in early trading and extended their losses throughout the morning. The markets have been unusually calm since late 2016, and he said investors were betting that would continue.
Analysts have also been saying the market has gotten much too expensive after a huge run-up over the previous year and has been long overdue for a pullback. Silver rose 10 cents, or 0.6 percent, to $16.34 an ounce, and copper fell a penny to $3.08 a pound.
Elsewhere in commodities, the March natural gas contract was down 11 cents to US$2.58 per mmBTU. The S&P rebounded from the line and closed 1.5% higher. Bears, including short sellers that bet on the market decline, say that the market is over-stretched in the context of rising bond yields as central banks withdraw their easy money policies of recent years. Once volatility spiked, it led to huge losses for the investments, which may have exacerbated the market's swings. That makes it the worst week for the indexes since January 2016. Sectors leading gains on Friday included technology and real estate. Microsoft lost 2.3 percent.
Despite the heavy losses this week, the Dow remains up 36 percent since Trump's election.
The Australian dollar fell by 1 per cent to 78.2 United States cents.
At one point, the Dow fell 6.3% or 1,597 points, the biggest one-day points loss ever.
Stocks are sliding further on Wall Street, putting the market on track for its second big weekly drop in a row. Microsoft and JPMorgan Chase each lost 1.7 percent.
The index, which is comprised of 30 big-name USA companies, was down 108 points, or 0.4 percent, to 24,237 as of 11:25 a.m.
The broader S&P 500 lost 34 points, or 1.3 percent, to 2,647. The composite added 1.4%.
Stocks are mixed in the early going as traders digest a batch of company earnings reports.
The prospect of ballooning deficits also stoked jitters among investors this week after Congress agreed to a $400 billion budget deal just weeks after voting to slash taxes.
The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,679.
Wednesday's trading lacked the wild swings of the prior two sessions, but the Dow moved in a roughly 500-point range, more than three times the average daily swing over the past year.
The 10-year Treasury yield, which touched a four-year high of 2.88% on Thursday, is trading around 2.80% on Friday.
Scott Rolston of Whitestown Police said the department generally would not communicate with ICE for a typical traffic stop. Authorities say Orrego-Savala was deported in 2007 and 2009, and was living illegally in the U.S.at the time of the crash.
Many are bracing for more wild swings ahead as the Cboe Volatility index is holding at twice its level from a week ago. The yield on the 10-year Treasury bond ticked higher again on Thursday morning, to 2.88%.
The report says a bloody trail leading to d'Baha circled two blocks, and a bloody bicycle lay across the street. His mountain bike, its right side "covered in blood", was found across the street, the report said.
McDermott, 6-8, 225, is averaging 7.2 points and 2.4 rebounds over 21.3 minutes in 55 games (one start) for NY this season. Mudiay, meanwhile, gets a fresh start in NY after another season in which he was in and out of the Nuggets' rotation.
He eventually won gold in 1994 after his last race and his journey is one of my favorite Olympic moments of all time. Had he been named flag bearer, the people confirmed, he would have accepted the honor and taken part.
But this is not about one player, it is about the whole team. "You never know what's going to happen, especially in England". The stats prove that, despite our recent struggles, Chelsea have the best player in the Premier League at the current time.
Upon his arrival in San Francisco, Garoppolo made an immediate on the struggling team that had just one win before he arrived. Garoppolo left the New England Patriots in November 2017 when he was traded for the 49ers' 2018 second-round draft pick.
It seems Robert Downey Jr will be joined by some stellar talent on Doctor Dolittle , including one of his Marvel co-stars. Banderas and Sheen will play live action roles, with Banderas playing a pirate named Rassouli and Sheen playing Mudfly.
The front bumper includes LED fog lamps with "functional" air-curtain ducts, which help to channel air around the body. At the rear, a modified rear bumper comes with an integrated tow bar and two recovery hooks rated at 3.8 tonnes.
Publisher Ross Levinsohn is on unpaid leave after revelations that he was a defendant in two sexual harassment lawsuits elsewhere. There have been calls for a return to local ownership among Times staffers and community leaders throughout the past 18 years.
'Protocol headache' for SK Winter Olympics
This would be the first time since October 2014, when an air trip was made by a North Korean delegation . She is the first person from the ruling Kim family to visit South Korea .
Volatile stocks spark record one-day rise in fear index
VelocityShares Daily Inverse VIX ST ETN (NASDAQ: XIV ) has risen 166.34% since February 5, 2017 and is uptrending. Investors who have stayed on the sidelines may be considering if the markets will continue to rally higher.
What Do Analysts Say About Anadarko Petroleum Corporation (APC)
This repurchase authorization allows the oil and gas development company to buy shares of its stock through open market purchases. The Minnesota-based Stonebridge Cap Advsrs Ltd Liability Co has invested 0.3% in Anadarko Petroleum Corporation (NYSE:APC).
Bermuda just repealed same-sex marriage
A spokesperson told PinkNews: "On May 5, 2017 a Supreme Court decision was made in Bermuda legalising same sex marriages ". A bill that repeals marriage rights for gay and lesbian couples in Bermuda has received the assent of its governor.
Charlotte Hornets acquiring a Knicks big man
Instead of building on those numbers and finding a niche, the 23-year-old has seen a huge dip in playing time this season. The future seconds could come back to haunt them but they haven't had much success with those picks in the past anyway.
Blizzard details new content coming to Overwatch tomorrow
In addition to the new map and updated mechanics, Blizzard will host a four-week competitive season for Capture the Flag. Kaplan also added that there are six "amazing" legendary skins being added to Overwatch with the Year of the Dog event.