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Dow Jones opens with triple-digit losses after global markets plunge overnight

https://www.nbcnews.com/business/business-news/dow-jones-opens-triple-digit-losses-after-global-markets-plunge-n918901?cid=public-rss_20181011
See More From: nbcnews.com   ( Top Stories > Mainstream )

Oct 11, 2018 12:35 PM 6+ mon ago

Trump blames Federal Reserve for market plunge as Wall Street turmoil continues

After its third-biggest one-day drop in history, the Dow Jones opened lower on Thursday and seesawed all morning, underscoring a volatile market that led to heavy losses by global exchanges overnight.

President Donald Trump pointed the finger at the Federal Reserve, telling reporters Thursday that he was "disappointed" in Fed Chairman Jerome Powell but did not intend to fire him. Although there is no historical precedent for such action, according to Section 10 of the Federal Reserve Act it is technically possible, since "each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President."

The Dow Jones fell by just over 100 points at the opening bell, paring earlier losses in premarket trading that saw the index down by over 300 points. Earlier, Britain's FTSE index ...

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Wall Street plunge continues

wsws.org     4+ mon ago

Wall Street had another wild day yesterday with the Dow ending down by 415 points, after rising by almost 400 points in the opening hours of trading. The S&P 500 index fell by 2 percent and the NASDAQ...

Turmoil on Wall Street continues

wsws.org     4+ mon ago

Wall Street had another turbulent day yesterday with the Dow moving in a range of more than 600 points. It closed marginally up, by 34 points, after dropping by more than 500 points in the opening two...

Donald Trump blames Federal Reserve for economic jitters

Donald Trump blames Federal Reserve for economic jitters

cbsnews.com     3+ mon ago

On Saturday night, Treasury Secretary Steve Mnuchin said President Donald Trump won't fire the chairman of the Federal Reserve. Less than 48 hours later, Mr. Trump said the Fed is ...

Trump Blames Federal Reserve As Only Problem In U.S. Economy

Trump Blames Federal Reserve As 'Only Problem' In U.S. Economy

huffingtonpost.com     3+ mon ago

WASHINGTON (Reuters) - President Donald Trump blasted the Federal Reserve on Monday, describing it as the "only problem" for the U.S. economy, as top officials discussed a rout in ...

US stocks plunge as Trump likens Federal Reserve to bad golfer

US stocks plunge as Trump likens Federal Reserve to bad golfer

news.sky.com     3+ mon ago

The benchmark S&P 500 has dropped nearly 15% during December and the market is on track for its worst year since 2008. This month is also likely to be the worst December since 193...

Shutdown Fears Add To Market Turmoil (Wall Street Breakfast Podcast)

seekingalpha.com     4+ mon ago

To ensure this doesn't happen in the future, please enable Javascript and cookies in your browser. ...

Wall Street Touches New 2018 Lows as Stock Market Decline Continues

nytimes.com     4+ mon ago

Wall Street Touches New 2018 Lows as Stock Market Decline Continues Dec. 17, 2018 Stocks fell Monday, though Wall Street pared early losses that had sent the S&...

Wall Street Rattled As Stocks Plunge 600 Points

losangeles.cbslocal.com     5+ mon ago

Wall Street Rattled As Stocks Plunge 600 Points Stock trading turned jittery again after two weeks of gains, pulling the Dow Jones Industrial Average down 600 points. ...

Wall Street sees red as tech shares plunge

Wall Street sees red as tech shares plunge

bbc.co.uk     5+ mon ago

Shares in some of the world's largest technology stocks plunged on Monday, dragging the Nasdaq down by 3% to drive a wider market sell-off. Investors dumped stock on fears of a sl...

Shut Down Fears Add To Market Turmoil (Wall Street Breakfast Podcast)

seekingalpha.com     4+ mon ago

To ensure this doesn't happen in the future, please enable Javascript and cookies in your browser. ...

Twitter suffers Wall Street plunge

news.com.au     8+ mon ago

Twitter suffers Wall Street plunge Twitter's stocks suffered a dramatic drop on Wall Street on Friday after announcing a second-quarter decrease of users. Associated Press Press AssociationJuly 28, 20...

Stock market plunge: Wall Street volatility is back with a vengeance

cbsnews.com     5+ mon ago

Investors were getting used to a market that seemed invincible -- until this month, that is. If you're an investor who was lulled to sleep by the stock market's calm, steady gains this summer, you're...

Stock Market Plummets as Federal Reserve Raises Interest Rates

Stock Market Plummets as Federal Reserve Raises Interest Rates

footwearnews.com     4+ mon ago

CREDIT: Susan Walsh/Shutterstock Despite repeated objections from President Donald Trump, the Federal Reserve on Wednesday...

What crisis? Why Wall Street is unfazed by Trump turmoil

money.cnn.com     8+ mon ago

...

JPMorgan CEO Jamie Dimon blames trade war for market turmoil

JPMorgan CEO Jamie Dimon blames trade war for market turmoil

cnbc.com     4+ mon ago

2:01 PM ET Thu, 6 Dec 2018 CNBC's Becky Quick interviews J.P. Morgan CEO Jamie Dimon about the state of the global economy, the U.S.-China trade war, and the impact the Fed's rate...

Trump administration's 'Plunge Protection Team' convened amid Wall Street rout

nbcnews.com     3+ mon ago

WASHINGTON -- The Trump administration is arranging a phone call on Monday with top regulators to discuss financial markets amid a rout on Wall Street. Treasury Secretary Steven Mnuchin will host the...

Asian markets slip following Wall Street turmoil

cnbc.com     4+ mon ago

The Nikkei 225 fell 1.11 percent on the day as it closed at 20,166.19, while the Topix index declined by 1.91 percent to finish its trading week at 1,488.19. The benchmark Nikkei 225 dropped more than...

Wall Street stumbles as bond yield climb continues

reuters.com     6+ mon ago

NEW YORK (Reuters) - Wall Street stocks stumbled on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an ac...

Wall Street drops as bond yield climb continues

reuters.com     6+ mon ago

NEW YORK (Reuters) - Wall Street stocks stumbled on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an ac...

Media hit Trump for market plunge

video.foxnews.com     3+ mon ago

...

Blame the Federal Reserve for the tanking stock market

freerepublic.com     3+ mon ago

Ok, so what in the 21st century could lead a stock market to the worst December since the Great Depression year of 1931? Let’s start by saying I have always liked Fed Chair Jay Powell’s pra...

Asian stocks stumble following Wall Street plunge

Asian stocks stumble following Wall Street plunge

cnbc.com     4+ mon ago

Published 6:47 PM ET Tue, 4 Dec 2018 Updated 2:17 AM ET Wed, 5 Dec 2018 CNBC.com Stocks in Asia declined on Wednesday after an overnight plunge on Wall Street as investors worried...

Japanese stocks plunge after Wall Street losses

Japanese stocks plunge after Wall Street losses

abcnews.go.com     3+ mon ago

(The Associated Press) A man walks past the day's losses, of Nikkei stock index, left, and of the Dow Jones Industrial Average, right, on an electronic stock board at a securities ...

Record Bull Market: Thank You Federal Reserve

seekingalpha.com     7+ mon ago

...

Trump slams Federal Reserve for rate hikes

nbcnews.com     9+ mon ago

Trump slams Federal Reserve for rate hikes, breaking with tradition The White House quickly released a statement, noting that Trump "respects the independence of the Fed." by Lucy Bayly / 6:33 PM ET ...

Wall Street opens higher as post-Christmas rally continues

reuters.com     3+ mon ago

(Reuters) - The S&P 500 ended marginally lower in a choppy session on Friday, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equitie...

Australian stocks see gains despite Wall Street turmoil

cnbc.com     4+ mon ago

The Nikkei 225 fell 1.11 percent on the day as it closed at 20,166.19, while the Topix index declined by 1.91 percent to finish its trading week at 1,488.19. The benchmark Nikkei 225 dropped more than...

Trump lays into Federal Reserve

wnd.com     9+ mon ago

Trump lays into Federal Reserve Says he's 'not thrilled' about interest-rate hikes Published: 2 days ago (CNBC) In a stinging and historically rare criticism, President Donald Trump expressed frus...

JPMorgan CEO Jamie Dimon blames the trade war for ongoing market turmoil

JPMorgan CEO Jamie Dimon blames the trade war for ongoing market turmoil

cnbc.com     4+ mon ago

5:31 PM ET Thu, 6 Dec 2018 JPMorgan CEO Jamie Dimon told CNBC's Becky Quick on Thursday that the ongoing trade war between the U.S. and China seemed like the likely culprit behind...

Wall Street slips, weighed down by healthcare plunge

reuters.com     5+ day ago

...

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