{"id":3110,"date":"2018-10-10T20:53:16","date_gmt":"2018-10-10T20:53:16","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/us-shares-suffer-sharpest-drop-in-months\/"},"modified":"2018-10-10T20:53:16","modified_gmt":"2018-10-10T20:53:16","slug":"us-shares-suffer-sharpest-drop-in-months","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/us-shares-suffer-sharpest-drop-in-months\/","title":{"rendered":"US shares suffer sharpest drop in months"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"a NYSE trader\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/162CE\/production\/_103803809_wallstreet.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Shares on Wall Street suffered their sharpest one-day falls in months, as investor fears about rising interest rates, inflation, trade tensions intensified.<\/p>\n<p>The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422.<\/p>\n<p>The Dow Jones and S&amp;P 500 also fell by more than 3%, with losses accelerating towards the end of the day.<\/p>\n<p>The slides extended declines in Europe, where exchanges in Germany and France ended the day down more than 2%.<\/p>\n<p>The Dow fell 831.8 points, or 3.15% to 25,598.7. The S&amp;P 500 dropped 94.6 or 3.29% to 2,785.6 &#8211; levels not seen since early February.<\/p>\n<p>Shares in the US energy sector saw some of the steepest declines on Wednesday, as investors reacted to shutdowns caused by Hurricane Michael in Florida and the Gulf of Mexico.<\/p>\n<p>Oil exploration firms Hess Corp and Marathon Oil fell about 7%, while Chevron was down about 3%.<\/p>\n<p>The turmoil also comes ahead of the earnings season, when companies will provide updates to investors about their outlook for the rest of the year.<\/p>\n<p>&#8220;The big concern isn&#8217;t really what third quarter earnings numbers are, but really what the outlook for the fourth quarter and first quarters are,&#8221; Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management, in New York, said.<\/p>\n<p>US markets have done better than expected this year, bouncing back after turmoil in February to set new records over the summer.<\/p>\n<p>But the Federal Reserve is raising interest rates, which is expected to make it more expensive for companies to borrow and make stocks a less attractive investment. <\/p>\n<p>Yields on US Treasuries have hit their highest level in seven years.<\/p>\n<p>Corporate expenses, such as worker pay, have shown signs they are increasing.<\/p>\n<p>US tariffs on steel, aluminium and Chinese goods are another factor that could drive up costs and force companies to lower their forecasts, Mr Pursche said.<\/p>\n<p>&#8220;I suspect that&#8217;s one of the things underlying market concern,&#8221; he said. <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45815183\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Shares on Wall Street suffered their sharpest one-day falls in months, as investor fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422. The Dow Jones and S&amp;P 500 also fell by more than 3%, with losses accelerating towards &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3110"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3111"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}