Corrections are normal occurrences during bull markets, and there hasn't been one in two years, an unusually long time.
Asian shares have opened lower and are tracking the overnight plunge on Wall Street. European indexes were down about 2 percent, while Japan's Nikkei lost 4.7 percent.
Earlier on Thursday, the 10-year U.S. Treasury note yield US10YT=RR rose as high as 2.884 percent, nearing Monday's four-year peak of 2.885 percent, after the Bank of England said interest rates probably needed to rise sooner than previously expected.
The stock market freakout of 2018 hit a crescendo on Monday when the Dow plunged a record 1,175 points.
Wall Street could be in store for another bumpy ride.
Both US indices have now fallen more than 10 per cent from their January 26 record highs.
Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year.
The Dow dropped 1,032 points, or 4.1 percent, to 23,860.
The S&P 500 gave up 100 points, or 3.8 percent, to 2,581.
The Dow Jones industrials are down 800 points, extending the market's losses.
Stocks started to fall in early trading and extended their losses throughout the morning. The tumult started last Friday as investors anxious about signs of rising inflation. The historic drop also erased the index's gains for the year.
"The S&P 500 hasn't moved into correction mode this quickly, ever", said Lindsey Bell, investment strategist at CFRA Research.
After regular cash trading, S&P 500 e-mini futures EScv1 edged down 0.2 percent late on Thursday.
The Dow Jones industrials are down 500 points, extending the market's losses.
USA stock markets lurched from negative to positive territory and back again Tuesday morning as investors attempted to navigate another rocky day in the markets.
Fidelity Investments on its Web site cautioned investors that timing the market is hard and that missing a small number of sharply up days could hurt long-run returns on investment. It's still up 15 percent over the past year.
Technology companies accounted for most of the broad gains, outweighing losses in energy stocks, which slumped as US crude prices declined. Microsoft lost 2.3 percent.
Apple climbed 4.2 percent, while Microsoft and Amazon gained 3.8 percent each.
By 9:54 a.m. NY time, the FTSE 100, which captures Britain's largest companies, had fallen 1.7 percent, Germany's DAX had tumbled 2.2 percent and France's CAC 40 had dropped 2.1 percent. The Nasdaq composite lost 125 points, or 1.8 percent, to 6,926.
Stocks are sliding further on Wall Street, putting the market on track for its second big weekly drop in a row.
The S&P 500 last confirmed a correction in January 2016, when it fell 13.3 percent amid concerns about a slump in oil prices. The Nasdaq composite was little changed at 6,968.
Stocks are mixed in the early going as traders digest a batch of company earnings reports.
Twitter soared 26 percent early Thursday after reporting its first-ever quarterly profit.
By midday it was up 30 points, or 0.2 percent, at 24,395.
The Dow Jones industrial average fell 98 points, or 0.4 percent, to 24,800. The Nasdaq climbed 148, or 2.1 percent, to 7,115. The yields on 10-year Treasury bills stood at 2.779 percent, below recent highs, and corporate bond rates held steady Monday, suggesting that a stampede out of stocks is not imminent.
Financial Architects Inc decreased Select Sector Spdr Tr (Put) (XLK) stake by 92,484 shares to 1,000 valued at $59,000 in 2017Q3. It improved, as 45 investors sold NVDA shares while 282 reduced holdings. 83 funds opened positions while 258 raised stakes.
Angel di Maria has admitted that he was inches away from sealing a move to Barcelona , but saw the deal fall through in the end. Di Maria has now confirmed that he did in fact hold talks with Barca, but talks collapsed late on.
The two Koreas also chose to use the unified flag and a Korean folk song, "Arirang", instead of the South's flag or anthem. There's worry too that the proposed summit Pyongyang may come with preconditions - a North Korean specialty.
Last September, three people were killed and 31 injured after a Citybus double-decker mounted a kerb in Sham Shui Po. In July 2003, 21 people were killed when a double-decker fell off an elevated road after being hit by a lorry.
From another technical standpoint, Las Vegas Sands Corp . (NYSE:PM) has risen 16.65% since February 9, 2017 and is uptrending. Zooming in closer, company stock has been 6.39% for the quarter, 2.60% over the past month, and -5.74% over the past week.
Sadio Mane, Liverpool: The Senegalese winger has scored only two goals in 11 matches in all competitions since December 11. Where is Tottenham Hotspur vs Arsenal in the Premier League? He said: "I don't think we ever need any motivation".
Drivers traveling in the high country this weekend should exercise caution as a winter storm moves into the region Saturday . The weather service issued a " hazardous weather outlook " about the possibility of some accumulating snow starting Friday .
Sei reported 0.1% of its portfolio in Gilead Sciences, Inc . (NASDAQ: GILD ) showed a growth of 49.63 Percent per annum. William Blair reissued a buy rating on shares of Gilead Sciences in a research report on Thursday, October 19th.
In Kabali , too, Rajinikanth had played a don but the film was set in Malaysia and revolved around the lives of Malaysian Tamils. Directed by Ranjith Pa, Kaalaa is a gangster drama that has Huma Qureshi, Nana Patekar and few others in important roles.
Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.36-to-1 ratio favoured advancers. The up-and-down swings followed a drop of 10 percent from the latest record highs set by major USA indexes just two weeks ago.
USA flu outbreak is the worst in years
As for the severity of the flu season, "It's just week 11, there could be several more weeks of flu", Dr. Nationwide, 7.7 percent of patients visiting doctors last week were there due to influenza-like illness.
Kim Jong-Un's sister to visit SKorea this week: Seoul
It's unclear whether any member of the North Korean government delegation will hold talks with USA officials during the Olympics. The troupe are a staple of North Korean culture, but Kim's love of them may come from the secretive past of his wife Ri Sol-ju.
GrubHub's (GRUB) "Buy" Rating Reaffirmed at Canaccord Genuity
To measure price-variation, we found GRUB's volatility during a week at 6.11% and during a month it has been found around 3.78%. Zacks Investment Research cut shares of GrubHub from a "hold" rating to a "sell" rating in a report on Wednesday, October 4th.
LeBron, meet your new team: Cavs shatter roster
We put in a lot of hard work over the years with myself and Channing and Shump, we won a championship together. The Cavs tried to incorporate him into their offense, but it was forced and bogging them down.
Black Olympian not chosen to carry flag, so boycotts ceremonies
Even though Hamlin is going to retire after the Games, she still has a lot to look forward to - she is getting married in July. NOROVIRUS: The organizing committee for the Pyeongchang Olympics says another 11 people have been diagnosed with norovirus.
First look of Ranveer Singh & Alia Bhatt in 'Gully Boy'
Gully Boy , produced by Farhan Akhtar and Ritesh Sidhwani's Excel Entertainment, is set to hit the screens on February 14, 2019. It will also be the first one of Ranveer and Alia together as they have only done a series of advertisement before.
SpaceX Successfully Launches Falcon Heavy Rocket
By Musk's estimation, Tesla would have accounted for 34-percent of the entire heavy truck order book past year . Some of the expenditures planned for this year are linked to what's coming next to Tesla's lineup.