Market turmoil - 2015

 

Editor’s Note: Wall Street braces for opening-bell sell-off


PUBLISHED Mon, August 24, 2015 - 9:12am EDT


Wall Street is bracing for a massive opening-bell sell-off as the economic slowdown in China continues to fuel global growth fears. The Shanghai Composite in China closed down 8.5 percent today, its worst close since 2007, while London's FTSE 100 index was down 4 percent in early afternoon trade. Major markets in France and Germany were also down sharply, by 4.6% and 4.4% respectively. As of 9:15 a.m. ET, futures for major U.S. markets indicate a fall of 783 points (4.82%) for the Dow Jones, 208 points (4.96%) for Nasdaq and 93.75 points (4.76%) for the S&P 500.

In anticipation of extremely high market volatility at the open, the New York Stock Exchange has invoked its so-called Rule 48 in an effort to smooth the opening. Rule 48 allows designated market makers to refrain from disseminating price indications ahead of the opening bell, making it easier and faster to open stocks.

U.S. stocks also fell sharply on Friday, with the Dow Jones closing down 530 points, sending the blue-chip index into correction territory as it posted its biggest weekly decline since September 2011.

BNO News will provide continuing coverage throughout the day. Please check back or click here to follow us on Twitter as details become available.





  United States        20 UPDATES

 



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 2 yrs   Shanghai stocks plunge 4.39% at the open - AFP


  China        20 UPDATES

 



 2 yrs   Dow closes down 468 points over growing concerns of a China slowdown

              The Dow Jones Industrial Average closed down 468.74 points (2.84%) at 16,059.29 as China continued to fuel global growth fears. The NASDAQ dropped 140.40 points (2.94%) and the S&P 500 fell 58.29 points (2.96%), pushing the index into correction territory.


  New York, NY        20 UPDATES

 



 2 yrs   Dow closes down 204 points after Wall Street’s biggest reversal in 7 years

              The Dow soared as much as 441 points on Tuesday on news that China's central bank had decided to cut its interest rates, but all those gains were erased during a brutal sell-off in the last hour of trading. The Dow Jones Industrial Average closed down 204 points (1.29%) at 15,666. The S&P 500 lost 25.59 points (1.35%) while the NASDAQ Composite shed 19.76 points (0.44%). The sudden sell-off marked the biggest reversal on Wall Street since October 2008 as concerns about China and global growth continue to spook investors.


  United States        20 UPDATES

 


 2 yrs   Dow historical numbers: Today’s 588 point drop ranks as 8th largest


  United States        20 UPDATES

 


BREAKING

 2 yrs   Dow closes down 588 points as China slowdown spooks investors

              U.S. markets went in a dive Monday after the Shanghai Composite in China plummeted 8.5 percent, though the losses on Wall Street were partly recovered by the end of the trading day. The Dow Jones Industrial Average closed down 588.47 points (3.58%) at 15,871.28 as China continued to fuel global growth fears. The NASDAQ dropped 179.79 points (3.82%) and the S&P 500 fell 77.68 points (3.94%), pushing the index into correction territory. Crude oil for October delivery fell by 5.5 percent to $38.21 per barrel. Read More


  United States        20 UPDATES

 


 


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