Dow futures signal another bumpy ride on Wall Street

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.

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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 Dow Jones industrial average lost 400 points, or 1.6 percent, to 24,491.

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.

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