After lower open, U.S. stocks bounce back following Monday plunge

After lower open, U.S. stocks bounce back following Monday plunge

After lower open, U.S. stocks bounce back following Monday plunge

US stock markets bounced after a torrid opening on Tuesday, bargain-hunters and gains for Apple pushing the tech-heavy Nasdaq and the Dow Jones Industrial Average into positive territory after two days of heavy losses. Tokyo's Nikkei 225 was off 3.2 percent at 21,180.28 and Hong Kong's Hang Seng fell 4.2 percent to 29,142.87.

Overnight the Dow Jones index rose 2.3 per cent, the technology-heavy Nasdaq gained 2.1 per cent and the S&P 500 index advanced by 1.7 per cent. The Nasdaq composite slid 76 points, or 1.1%, to 6,700.

Wall Street's brisk, record-setting upswing to start 2018 has been harshly reversed with a sharp, six-day drop marked by a record-topping decline Monday.

United States markets have been under pressure all week, with the Dow notching its biggest loss ever in terms of points on Monday, rallying on Tuesday and finishing modestly lower Wednesday.

The sharp selloff in recent days was kicked off by concerns over rising inflation and bond yields, sparked by Friday's January U.S.jobs report, with investors pointing to additional pressure from the violent unwinding of trades linked to bets on volatility staying low.

The Dow saw a 1,175-point drop Monday and on Tuesday opened down another 500 points.

Medical Properties Trust, Inc
Current trade price levels places MPW's stock about -16.43% away from the 52-week high and closed 0.51% away from the 52-week low. Camelot Portfolios LLC owned about 0.08% of Government Properties Income Trust worth $1,522,000 as of its most recent SEC filing.

Major indexes in Asia and Europe also fell following Monday's 1,175-point drop in the Dow Jones industrial average.

On Monday, the Dow finished down 4.6 percent while the S&P 500 sank 4.1 percent, to 2,648.94.

Among the issues that may have spooked investors were suggestions from the Bank of England that it could raise interest rates sooner than expected.

Thursday's plunge puts the stock market into correction territory, with stocks down about 10 percent from their record high on January 26, according to Bankrate.com.

"Higher rates are going to slow the economy, we just don't know when and we don't know which rates to watch, and I think that's the debate that's now playing out in the market", he said. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best.

As a result U.S. bond yields started edging higher again with the 10 year yield once again looking to retest the 2.9% level and a four year high, with the 3% level now a very realistic probability. With signs of inflation returning, central banks are increasingly withdrawing the measures - low interest rates, quantitative easing - which have been supporting markets since the financial crisis. And major economies around the world are growing in tandem for the first time since the Great Recession.

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The 10-day correlation between the S&P 500 index and yields on the 10-year note stands at a negative 0.79.

New York, Feb 9 Wall Street tumbled back into sell-off mode, with the Dow plunging more than 1,000 points as worries over interest rate hikes continued to drag the market down. The Dow closed down 4.6 percent and turned negative for the year.

Financial analysts regard corrections as a normal event but say the latest unusually abrupt plunge might have been triggered by a combination of events that rattled investors.

Emerging market stocks lost 0.88 percent.

In currency markets, the dollar fell to 108.53 yen from Thursday's 108.84 yen.

Among stocks, Walt Disney was up 2.2 percent in premarket trading after the media company's quarterly profit topped forecasts.

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