A look back at a wild week on Wall Street

A wild week on Wall Street sent stocks and bonds tumbling across the globe.Friday, October 5...

Posted: Oct 13, 2018 10:30 AM
Updated: Oct 13, 2018 10:30 AM

A wild week on Wall Street sent stocks and bonds tumbling across the globe.

Friday, October 5

Banking, finance and investments

Business, economy and trade

Financial markets and investing

Wall Street

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Economy and economic indicators

Securities trading

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Stock markets

The economy is stronger than ever, and the September jobs report proved it. The unemployment rate fell to 3.7%, a nearly 49-year low.

Investors began worrying that the Fed would speed up its interest rate hikes again in December and beyond to prevent inflation and the economy from going into overdrive.

That jolted the markets: The Dow lost nearly 200 points.

Monday, October 8

The quietest day of the week came on the Columbus Day holiday. The markets closed mixed, with the Dow posting slight gains. The S&P and Nasdaq moved a bit lower.

Tuesday, October 9

The markets closed mixed with investors increasingly concerned about global growth. The International Monetary Fund cut its growth forecasts for the US and China, citing the recent waves of tariffs the world's top two economies have imposed on each other.

Wednesday, October 10

The bottom fell out. The Dow sunk 832 points -- the third-worst point decline in history.

The S&P 500 posted its fifth straight decline, plummeting nearly 3.3%. Tech stocks were hit particularly hard, with the Nasdaq dropping more than 4%. That's the worst percentage decline since June 2016.

Why? Climbing bond yields forced a tech sell-off, and the spike in rates for the benchmark US 10-Year Treasury has investors wondering if the near-decade-old bull market may finally be ending. Investors are also worried about the rising debt and a trade war with China.

Thursday, October 11

It didn't get much better the next day.

The Dow lost another 600 points, extending the decline for a 1,378-point loss over just two days. The S&P and Nasdaq also slid, with all three major indexes losing more than 5% this week. The sell-off was sparked partly by a new report showing consumer prices rose less than expected in September.

But the market didn't close at its lows of the day, like it did on Wednesday. The rebound was helped by fresh reports that President Donald Trump and Chinese leader Xi Jinping have agreed to meet next month at the G20 summit.

Friday, October 12

After a historically bad two days, Stocks bounced back on Friday, but still suffered their worst week since March.

The Dow closed up 287 points, or 1.2%, its biggest rally since August. The Nasdaq soared 2.3%, its best day since late March, as tech stocks rebound from steep selling. Despite the rally, all three major indexes suffered their worst week since March. The S&P 500 is down three straight weeks, the longest slump since the Brexit referendum in June 2016.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 489116

Reported Deaths: 6614
CountyCasesDeaths
Hennepin1014901592
Ramsey43327810
Dakota36619394
Anoka33496391
Washington22208262
Stearns18822202
St. Louis14887265
Scott13403107
Wright12609116
Olmsted1185990
Sherburne878574
Carver787641
Clay695588
Rice677691
Blue Earth601035
Kandiyohi581274
Crow Wing523582
Chisago501745
Otter Tail486071
Benton450990
Winona419749
Mower410831
Douglas394568
Goodhue389069
Nobles387247
Polk345063
McLeod341250
Beltrami338951
Morrison327747
Becker314842
Itasca314646
Lyon313845
Isanti309456
Steele303611
Carlton300449
Freeborn286424
Pine283216
Nicollet262441
Todd249730
Brown248237
Le Sueur238120
Mille Lacs229447
Cass221224
Waseca210417
Meeker208134
Martin190829
Wabasha18733
Roseau181017
Hubbard161041
Houston158214
Dodge15404
Renville152640
Redwood147127
Fillmore13969
Pennington138716
Chippewa136935
Cottonwood136020
Wadena131420
Faribault124917
Aitkin119133
Sibley118310
Watonwan11828
Rock116314
Kanabec108820
Pipestone101824
Yellow Medicine97717
Murray9548
Jackson94610
Swift87818
Pope8165
Marshall78615
Stevens7478
Lake74218
Clearwater72014
Lac qui Parle68716
Wilkin67711
Koochiching62111
Big Stone5173
Lincoln5122
Grant4928
Norman4798
Unassigned44768
Mahnomen4437
Kittson41021
Red Lake3615
Traverse3115
Lake of the Woods2221
Cook1190

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 337676

Reported Deaths: 5494
CountyCasesDeaths
Polk52087560
Linn19512317
Scott17167212
Black Hawk14970293
Woodbury13847214
Johnson1317075
Dubuque12450196
Dallas1022593
Pottawattamie9897146
Story965045
Warren514976
Clinton502684
Cerro Gordo501383
Webster495788
Sioux480369
Marshall465273
Des Moines428461
Muscatine426393
Buena Vista413237
Wapello4059110
Jasper387767
Plymouth368978
Lee354653
Marion341571
Jones285155
Henry279837
Bremer270555
Carroll266948
Crawford253635
Boone244330
Benton241154
Washington239547
Mahaska215746
Jackson210339
Dickinson204240
Tama203065
Kossuth198655
Delaware186240
Clay184425
Winneshiek183628
Fayette179335
Page178119
Buchanan177829
Wright174531
Hamilton173942
Cedar172723
Hardin170239
Harrison167670
Clayton160254
Butler159331
Mills148520
Floyd148141
Poweshiek148030
Cherokee146236
Lyon145741
Allamakee144848
Madison143218
Iowa140723
Hancock138030
Grundy132430
Winnebago130531
Calhoun129611
Cass129651
Jefferson128634
Appanoose123247
Louisa122644
Mitchell120740
Chickasaw119915
Union119331
Sac118818
Shelby117634
Emmet115340
Humboldt113725
Franklin109719
Guthrie109628
Palo Alto101721
Howard99722
Unassigned9720
Montgomery96936
Clarke95120
Keokuk92429
Monroe90028
Ida81832
Adair81630
Pocahontas80919
Davis76623
Monona76527
Greene73110
Lucas72221
Osceola68315
Worth6678
Taylor64112
Decatur5719
Fremont5619
Van Buren53718
Ringgold50620
Audubon4759
Wayne47221
Adams3194
Rochester/St. Mary'S
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