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US stock market, Dow Jones Industrial average sell-off continues

"Jefferey" (2018-02-09)

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Markets Insider





US stocks opened firmly higher on Friday. 


The Dow Jones industrial average
and SP 500 was up 35 points (1.4%), and the Nasdaq was up 102 points (1.5%). 

The Dow and SP 500 corrected 10% from an all-time high in nine days or less.  

The worst of the sell-off began last week Friday, when data on wages showed inflation may be picking up baccarat and could prompt the Federal Reserve to combat it with higher interest rates. This week, the market sell-off was amplified by so-called "target volatility funds
" that rushed to sell stocks and buy protection against higher volatility.

On Friday, stock markets around the world that opened ahead of the US trading day on Friday were in sell-off mode. 


Markets Insider





Read more coverage of this week's market meltdown:


The stock market just had a violent correction, and 'it just doesn't feel like we've hit a bottom'


JPMorgan has found a trigger for the next big market collapse


Wall Street is blaming a familiar culprit for the latest stock market bloodbath


'The selloff is starting to feel more real': Wall Street explains why this massive stock drop is different


CITI: There's a 'clear winner' for investors who want to cash in on the market's biggest fear


The chief strategist at a $695 billion money manager tells us why 'we're at a watershed point in markets'


One of the biggest narratives behind why the stock market just went haywire is wrong


The infamous 'VIX Elephant' trader just returned to harvest the gains he made when stocks went haywire


Fed President Kashkari gives us his take on the stock market's plunge and the economic data that triggered it

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