Market insiders were still coming to terms with yesterday's chaotic session, in which the blue-chip index lost more than 1,000 points in about an hour at one stage on the way to its biggest point drop ever.
Some investors, however, fear the market is over-stretched in the context of higher inflation and rising bond yields as central banks withdraw their easy money policies of recent years.
"Markets usually grind to the upside, but fall like a rock", said analyst Naeem Aslam at trading firm ThinkMarkets. In afternoon trading, the Topix was up 1.6% while the Nikkei 225 had risen 1%. The euro fell to US$1.2275 from US$1.2392.
Corrections are seen as entirely normal during bull markets, and even helpful in removing speculative gains and allowing new investors to buy into the market at lower prices. The U.S. Senate reached a bipartisan deal Wednesday that would boost spending limits by $300 billion over the next two years.
The 30-stock average's early free fall briefly pushed it into "correction" territory for the first time in two years after it dropped 10% from its recent record high on January 26. The index closed at just above 21,500 points, down 5 percent.
Consumer-focused companies rose the most in early trading Wednesday.
Premier Oil (LON:PMO) Rating Reiterated by Peel Hunt
It has underperformed by 16.70% the S&P500.The move comes after 5 months negative chart setup for the $33.50 million company. Among 20 analysts covering Capita Group The PLC ( LON:CPI ), 4 have Buy rating, 2 Sell and 14 Hold.
The Dow was little changed at 24,334 as of 10:49 a.m.
In a sign of how volatile the market could be, the Dow recovered quickly to gains less than 30 minutes after open.
The swoon began Friday as investors anxious that accelerating inflation and higher interest rates could derail the market's record-setting rally.
Keep the sell-off in perspective, warned Kristina Hooper, chief global market strategist at Invesco. The Dow Jones index, for instance, witnessed its largest point fall in history on Monday, by over a thousand points. The fragile rebound lifted the market a bit, and the Dow and S&P 500 are now about 8% off their from all-time highs.
Apple, however, dipped by 0.5 percent to trade at $162.19 a share. All 30 of the blue-chip Dow industrial components finished negative. That was its biggest loss since August 2011, when stocks were reeling as investors fretted over European government debt and the US credit rating was downgraded after the debt ceiling impasse. Wall Street has been expecting three rate hikes at most.
The designer is pictured attending a dinner in her honor organized by Vogue on January 18, 2018 in Madrid, Spain. Olly shared a collage showing him cuddling up to Emma Bunton , Melanie Chisholm and Victoria Beckham .
Nadal is not scheduled to play again until the Mexican Open in Acapulco in the last week of February. Other wildcards have already gone to Felix Auger-Aliassime, Thiemo de Bakker and Tallon Griekspoor.
The North's official delegation is scheduled to arrive here on Friday and stay till Sunday, Yonhap News Agency reported. Noh added that such "exceptions" would be limited to the period of the South hosting the Winter Olympics this month.
At issue is whether the White House will allow Bannon to answer questions about his time in the Trump administration. Nunes was asked during a January 29 committee meeting whether he had co-ordinated the memo with the White House.
When many athletes and officials woke up Wednesday, the temperature at Pyeongchang Olympic Stadium was minus 3 Fahrenheit. Competition for the 2018 Games started on Thursday, February 8 - with competitions in curling and ski jumping.
Among factors cited by analysts are an overall drop in television viewing and divisive player protests over racial inequality. Still, the decline was smaller than the 10 percent falloff for National Football League games during the regular season.
Charges in QEW road rage death
On Sunday, the OPP confirmed that Nicole Turcotte succumbed to her injuries at a Toronto trauma centre. Schmidt said tips from the public helped identify the vehicle and its driver.
Weather: Snow continues into Wednesday
Sunday night , the low will be around 16 with partly cloudy skies, according to the weather service. Breezy, with a light west-northwest wind becoming west 11 to 16 miles per hour in the morning.
Kohli hits unbeaten ton to power India to 303
Dhawan and Kohli then came together, and piled on the runs, nearly continuing from where they had left off in the previous match. Its been a wonderful exhibition of wrist spin by these two and they have not given any comforts to the South African batsman.
IShares US Energy (IYE) Declines 0.11% for Feb 8
Presently, Jaiprakash Power Ventures Limited (JPPOWER.NS)'s Williams Percent Range or 14 day Williams %R is resting at -60.71. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.
SpaceX sends red Tesla sports car hurtling toward Mars
In test missions, a test payload is used to help determine how the rocket will behave when carrying an object like a satellite. According to the company , it will cost just $90 million per launch, a fraction of the price of similar heavy-lift rockets.
Last Photo from Space Sent by Tesla Roadster
Musk's original "midnight cherry" Tesla Roadster was mounted on the nose of the rocket with a dummy named STARMAN sitting inside. Though there have been a series of setbacks and delays, both companies say the first flights with humans could be this year.