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Record falls on Wall St spark losses worldwide

Record falls on Wall St spark losses worldwide

Business
Shares across Asia have taken a heavy beating after New York's Dow Jones index suffered its biggest drop in six-and-a-half years.A wild day for US markets on Monday caused panic to spread. At one point, Japan's Nikkei 225 share benchmark plunged by 7.1%, but recovered some of the losses to close 4.7% down.Wall Street's record-breaking loss also saw Hong Kong's Hang Seng index fall by 5.12%, with South Korea's Kospi losing 1.4%.In China, the Shanghai Composite Index lost 3.35% - or 116.85 points - while the Shenzhen Composite Index, tracking China's second exchange, plunged 4.44%, or 80.21 points.The slump means the Dow Jones has wiped out of all of its gains so far in 2018, following months of surges fuelled by optimism about the US economy, corporate earnings and the global outlook.Many i...
Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Finance
Shutterstock photoBy Jeff Miller :After last week's avalanche of economic data, the calendar is back to normal. More important is the onset of earnings season. Recent data have reassured many observers about the health of the U.S. economy. The period of seasonal weakness is ending. Expect people to be asking:Can this earnings season lead to a big year-end rally?Last Week RecapMy expectation for last week concerned the relationship between economic and stock market strength. That discussion might come another day, but last week's attention was focused on Las Vegas.The Story in One ChartI always start my personal review of the week by looking at this great chart from Doug Short via Jill Mislinski. She notes the gain of 1.18% on the week, as well as other key comparisons. Once again, it was a...