Bloomberg’s Luke Kawa and Sarah Ponczek discuss the recent selloff in U.S. stocks with Bloomberg’s Scarlet Fu and Lisa Abramowicz on “Bloomberg Markets: The Close.”
The Dow Jones Index has lost more than 5 percent in two days, falling more than 1300 points to to 25,052.83 at the close Thursday October 11, 2018.
The Dow fell 831 points on Wednesday. The 2018 October Effect is the steepest loss in eight months.
The S&P 500 has closed lower for six straight days, down to 2,728.37 at the close Thursday.
The Nasdaq Composite dropped to 7329.06.
October has a reputation for stock market losses, including The Great Depression in October 1929, Black Monday in October 1987, and the 2008 Financial Crisis.
October is historically a volatile month for the stock market. @DeirdreBolton with the report. pic.twitter.com/XDatB5o31M
— FOX Business (@FoxBusiness) October 11, 2018
Wednesday saw the beginning of a slump in stock market values worldwide. @IanKingSky outlines what's behind the declines https://t.co/DT2mACt9g7
— Sky News (@SkyNews) October 11, 2018
MORE: The stock market was dragged down by a sell-off in tech stocks, rising interest rates and tension over trade disputes with China. https://t.co/PUSlFv8Dw0 pic.twitter.com/03CO9AnDsU
— ABC News (@ABC) October 10, 2018
"I think the Fed has gone crazy." President Trump said the stock market's 832-point dive is "a correction that we've been waiting for" https://t.co/Bgfbj2jSsL pic.twitter.com/TPDfd7rJbt
— CNN (@CNN) October 10, 2018
^^ MOBILE? USE VOICE MIC ^^
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.@TruthGundlach believes the stock market can't diverge from global equity markets forever, and that's signaling "something bad" is happening. https://t.co/zl2Vq32FxC pic.twitter.com/RGCrCxUBFA
— CNBC (@CNBC) October 11, 2018
The Nasdaq became the first major U.S. stock market benchmark to fall into a correction Thursday, led by Amazon and Netflix. https://t.co/HMKQk2NFUJ
— CNBC (@CNBC) October 11, 2018
Here's why big daily point drops in the stock market are less of a concern than you think:https://t.co/8B6PBDfVIC pic.twitter.com/4mNF9YsjXR
— Forbes (@Forbes) October 11, 2018
The stock market’s 67,000% superstar is now a huge falling knife. https://t.co/s4HcZDO6XM
— FORTUNE (@FortuneMagazine) October 11, 2018
Bank stocks tumble into bear market territory as anxious stock market awaits their earnings reports. https://t.co/6oRK2cNy27
— CNBC (@CNBC) October 11, 2018
The two-day stock plunge is a buying opportunity before the market eventually rallies after the November midterms, Wall Street's Byron Wien says. https://t.co/EgnOZXvGap
— CNBC (@CNBC) October 11, 2018
LIVE STREAM Began Thursday morning | CNBC live price updates: Stocks continue triple-digit sell-off — Thursday, Oct. 11 2018.