Amid the impact of increased interest rates executed by the US Feds earlier this year, Wall Street in New York concluded its worst year since 2008 on December 30.&nbsp;The S&amp;P 500, a key US stock index, fell 19.4 per cent in 2022 as policy effects to fight inflation gave rise to increased interest rates by Federal Reserve bodies around the world.&nbsp;Nasdaq 100, another important stock index dropped 33 per cent in 2022.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/2022-when-global-economy-started-bleeding-547838">2022: When global economy started bleeding</a>

Bonds in the US market lost 16 per cent of their value, the biggest decline since at least 1990. This was also because of the same reason; increased interest rates by the central banks to slow rising consumer prices.

It was the worst year in more than a decade for global equities and bonds—but it’s finally over, said a Bloomberg report.&nbsp;

'2023 to be a bumpy ride'

Experts cited in the US media say that the post-pandemic 2022 experience will give a "rearview mirror" perspective to buyers and investors in 2023.&nbsp;

WATCH |&nbsp;<a href="https://www.wionews.com/videos/gravitas-us-stocks-lose-7-trillion-in-2022-478749">Gravitas: US stocks lose $7 trillion in 2022</a>

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"The good news is that we will soon put the year in the rearview mirror,” Art Hogan, chief market strategist at Los Angeles-based B. Riley Wealth, told Bloomberg.

"The bad news is that 2023 could be a bumpy ride, at least for the first few months," he added.

As the U.S. economy heads toward a possible recession, the Federal Reserve may raise interest rates further.&nbsp;Higher interest rates are central banks’ primary tool for controlling&nbsp;inflation.

When rates rise, borrowing costs also increase, slowing demand in the economy and in theory tempering further price increases.

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Amid the impact of increased interest rates executed by the US Feds earlier this year, Wall Street in New York concluded its worst year since 2008 on December 30.

Amid the impact of increased interest rates executed by the US Feds earlier this year, Wall Street in New York concluded its worst year since 2008 on December 30. The S&P 500, a key US stock index, fell 19.4 per cent in 2022 as policy effects to fight inflation gave rise to increased interest rates by Federal Reserve bodies around the world. Nasdaq 100, another important stock index dropped 33 per cent in 2022. ALSO READ | 2022: When global economy started bleeding Bonds in the US market lost 16 per cent of their value, the biggest decline since at least 1990. This was also because of the same reason; increased interest rates by the central banks to slow rising consumer prices. It was the worst year in more than a decade for global equities and bonds—but it’s finally over, said a Bloomberg report. '2023 to be a bumpy ride' Experts cited in the US media say that the post-pandemic 2022 experience will give a "rearview mirror" perspective to buyers and investors in 2023. WATCH | Gravitas: US stocks lose $7 trillion in 2022 × "The good news is that we will soon put the year in the rearview mirror,” Art Hogan, chief market strategist at Los Angeles-based B. Riley Wealth, told Bloomberg. "The bad news is that 2023 could be a bumpy ride, at least for the first few months," he added. As the U.S. economy heads toward a possible recession, the Federal Reserve may raise interest rates further. Higher interest rates are central banks’ primary tool for controlling inflation. When rates rise, borrowing costs also increase, slowing demand in the economy and in theory tempering further price increases. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Wall Street braces for a 'bumpy' 2023 after worst year since 2008

US stocks sunk to a new low on Monday as the S&amp;P 500 fell 3.9 per cent to 3,749.82 entering the "bear market" phase.

Wall Street stocks fell for the fourth consecutive day on Monday amid fears of a recession. The S&amp;P touched its lowest since March last year down 20 per cent from its high.

The Down Jones fell 876 points to settle at 30,516.74 which was 17 per cent below its recorded high even as the Nasdaq fell 4.68 per cent to close at 10,809.23.

<a href="https://www.wionews.com/world/wall-street-stocks-sank-after-inflation-hit-a-40-year-high-487149">Also Read:&nbsp;&nbsp;Wall Street stocks sank after inflation hit a 40-year high</a>

Stocks fell amid reports the US Federal Reserve may raise rates by 0.75 per cent. Experts fear rising inflation may trigger a recession as investors sold stocks on Monday.

It is the first time S&amp;P 500 entered the bear market since the 2020 Wall Street plunge due to the coronavirus pandemic in 2020.

Watch:&nbsp;Is a global recession coming?

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The Dow was dragged down by American Express, Boeing and Salesforce as tech stocks Netflix, Tesla and Nvidia also dived. The Nasdaq touched a new one-year low for the first time since&nbsp;November 2020.

Other stocks including Carnival Corporation and Norwegian Cruise Line also plummeted with Delta Airlines crashing&nbsp;eight per cent.

The bloodbath continued in the communication, and information technology stocks as well. Last weekend premium gasoline prices had surpassed $5 a gallon for the first time in the United States triggering fresh concerns over spiralling oil prices.

(With inputs from Agencies)

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US stocks sunk to a new low on Monday as the S&P 500 fell 3.9 per cent to 3,749.82 entering the "bear market" phase. Wall Street stocks fell for the fourth consecutive day on Monday amid fears of a recession.

US stocks sunk to a new low on Monday as the S&P 500 fell 3.9 per cent to 3,749.82 entering the "bear market" phase. Wall Street stocks fell for the fourth consecutive day on Monday amid fears of a recession. The S&P touched its lowest since March last year down 20 per cent from its high. The Down Jones fell 876 points to settle at 30,516.74 which was 17 per cent below its recorded high even as the Nasdaq fell 4.68 per cent to close at 10,809.23. Also Read: Wall Street stocks sank after inflation hit a 40-year high Stocks fell amid reports the US Federal Reserve may raise rates by 0.75 per cent. Experts fear rising inflation may trigger a recession as investors sold stocks on Monday. It is the first time S&P 500 entered the bear market since the 2020 Wall Street plunge due to the coronavirus pandemic in 2020. Watch: Is a global recession coming? The Dow was dragged down by American Express, Boeing and Salesforce as tech stocks Netflix, Tesla and Nvidia also dived. The Nasdaq touched a new one-year low for the first time since November 2020. Other stocks including Carnival Corporation and Norwegian Cruise Line also plummeted with Delta Airlines crashing eight per cent. The bloodbath continued in the communication, and information technology stocks as well. Last weekend premium gasoline prices had surpassed $5 a gallon for the first time in the United States triggering fresh concerns over spiralling oil prices. (With inputs from Agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Wall Street stocks crash; S&P 500 enters 'bear market' amid recession fears

Amazon shares fell over 14 per cent amid slowing growth as Wall Street stocks fell to a record low in April.

The online retail giant reported losses for the first time since 2015 as it forecast slowing growth. Amazon founder Jeff Bezos witnessed $20.5 billion of his personal net worth being wiped out as the company showed slowing sales growth.

<a href="https://www.wionews.com/trending/did-the-chinese-government-just-gain-a-bit-of-leverage-bezos-trolls-musk-over-twitter-deal-473870">Also Read:&nbsp;Did Chinese government just gain a bit of leverage? Bezos trolls Musk</a>

Bezos owns 11 per cent shares in Amazon and has reportedly lost $40 billion in net worth since the beginning of 2021.

Apple's stocks fell over 3 per cent as tech giants took a hit on Friday. Wall Street showed its deepest loss since 2020 amid rising inflation.

Watch:&nbsp;Amazon stocks plunge as it reports $3.8 billion quarterly loss

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The S&amp;P 500 index was down recording its biggest single-day loss since June 2020 during the pandemic. The Dow tumbled over 900 points and was down over 2.7 per cent with both S&amp;P and Nasdaq posting huge losses on Friday.

The Nasdaq has reportedly fallen over 13 per cent this month as technology stocks have been at the receiving end in the US stock exchange.&nbsp;

The development comes amid uncertainty over the Ukraine war and China's continued COVID-19 crisis and fears of further lockdowns after Shanghai.

(With inputs from Agencies)

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Amazon shares fell over 14 per cent amid slowing growth as Wall Street stocks fell to a record low in April. The online retail giant reported losses for the first time since 2015 as it forecast slowing growth.

Amazon shares fell over 14 per cent amid slowing growth as Wall Street stocks fell to a record low in April. The online retail giant reported losses for the first time since 2015 as it forecast slowing growth. Amazon founder Jeff Bezos witnessed $20.5 billion of his personal net worth being wiped out as the company showed slowing sales growth. Also Read: Did Chinese government just gain a bit of leverage? Bezos trolls Musk Bezos owns 11 per cent shares in Amazon and has reportedly lost $40 billion in net worth since the beginning of 2021. Apple's stocks fell over 3 per cent as tech giants took a hit on Friday. Wall Street showed its deepest loss since 2020 amid rising inflation. Watch: Amazon stocks plunge as it reports $3.8 billion quarterly loss The S&P 500 index was down recording its biggest single-day loss since June 2020 during the pandemic. The Dow tumbled over 900 points and was down over 2.7 per cent with both S&P and Nasdaq posting huge losses on Friday. The Nasdaq has reportedly fallen over 13 per cent this month as technology stocks have been at the receiving end in the US stock exchange. The development comes amid uncertainty over the Ukraine war and China's continued COVID-19 crisis and fears of further lockdowns after Shanghai. (With inputs from Agencies) Watch WION Live Here

Jeff Bezos loses billions as Amazon shares slump; Wall Street tumbles

GameStop is an American company and is on the verge of bankruptcy, however, its shares suddenly shot up by two thousand per cent in four days not because the company suddenly began doing well.

The astronomical jump was driven by a group of Netizens who were out to teach the bankers at Wall Street a lesson.

On January 25, one share of American company GameStop corp was selling at close to $43, however, on January the price shot up to $469 - a whopping jump of more than two thousand per cent in four days.

GameStop is one of the world's biggest video game retailers but on Wall Street the market for GameStop stock is a battleground between financial elite and small investors which is exactly what some of the major hedge funds wanted to do with GameStop that is bet on the decline of the company to make money.

In other words, selling short but these Wall Street traders got torched by this trade. Short sellers lost more than $5 billion betting against GameStop which includes names like point72 asset management that lost nearly 15 per cent of its fund over this trade.

Andrew Left's Citron capital suffered a loss of 100 per cent over the Gamestop trade, Melvin Capital needed a $2.8 billion injection to save itself. The big traders were defeated at their own game by small traders.

It all began with Wall Street bets an internet forum on Reddit that decided to teach Wall Street a lesson after online traders, mom-and-pop investors and small brokers decided to buy GameStop shares. For many of these traders this was about punishing Wall Street for the financial collapse of 2008.

An army of small investors pushed the stock to record highs leading to a massive jump in Gamestop's market value from $2 billion to $24 billion while the big investors saw the money they bet against GameStop evaporate.

The volatile trading led to high drama forcing the Biden administration and the US Securities and Exchange Commission to start monitoring the situation.

Robinhood, the app used by many of the small investors to buy GameStop shares began blocking buys from fresh purchases. Some American lawmakers have now demanded an investigation into this halt. The bet against GameStop has left Wall Street traders burnt. The entire affair is a reminder that market investments remain a risky business.

GameStop is an American company and is on the verge of bankruptcy, however, its shares suddenly shot up by two thousand per cent in four days not because the company suddenly began doing well.

GameStop is an American company and is on the verge of bankruptcy, however, its shares suddenly shot up by two thousand per cent in four days not because the company suddenly began doing well. The astronomical jump was driven by a group of Netizens who were out to teach the bankers at Wall Street a lesson. On January 25, one share of American company GameStop corp was selling at close to $43, however, on January the price shot up to $469 - a whopping jump of more than two thousand per cent in four days. GameStop is one of the world's biggest video game retailers but on Wall Street the market for GameStop stock is a battleground between financial elite and small investors which is exactly what some of the major hedge funds wanted to do with GameStop that is bet on the decline of the company to make money. In other words, selling short but these Wall Street traders got torched by this trade. Short sellers lost more than $5 billion betting against GameStop which includes names like point72 asset management that lost nearly 15 per cent of its fund over this trade. Andrew Left's Citron capital suffered a loss of 100 per cent over the Gamestop trade, Melvin Capital needed a $2.8 billion injection to save itself. The big traders were defeated at their own game by small traders. It all began with Wall Street bets an internet forum on Reddit that decided to teach Wall Street a lesson after online traders, mom-and-pop investors and small brokers decided to buy GameStop shares. For many of these traders this was about punishing Wall Street for the financial collapse of 2008. An army of small investors pushed the stock to record highs leading to a massive jump in Gamestop's market value from $2 billion to $24 billion while the big investors saw the money they bet against GameStop evaporate. The volatile trading led to high drama forcing the Biden administration and the US Securities and Exchange Commission to start monitoring the situation. Robinhood, the app used by many of the small investors to buy GameStop shares began blocking buys from fresh purchases. Some American lawmakers have now demanded an investigation into this halt. The bet against GameStop has left Wall Street traders burnt. The entire affair is a reminder that market investments remain a risky business.

How GameStop stocks surge exposed Wall Street elites

Sensex plummeted over 1,000 points in opening trade on Friday with Nifty falling 274 after Wall Street stocks plunged over fears of another wave of coronavirus in the US.

<a href="https://www.wionews.com/world/several-us-states-report-spike-in-coronavirus-cases-as-stocks-plunge-305259">Also Read: Several US states report spike in coronavirus cases as stocks plunge</a>

Sensex fell 1,101.68 points to 32,436.69 and the Nifty fell 274 points to 9,628. The markets recovered to trade at 32,818.74, down 719 points.

Stocks&nbsp;in Asia plunged as well with stocks down in Hong Kong over one percent and Tokyo stocks were down 1.5 per cent and Shanghai shed 0.7 per cent.

In Sydney stocks were down 1.7 per cent, Seoul, Singapore and Jakarta all dropped more than two per cent and Taipei slipped 0.9 percent.

On Thursday, Wall Street street stocks collapsed with&nbsp;the Dow crashing 6.9 per cent and the S&amp;P 500 sliding 5.9 per cent with the Nasdaq going down 5.3 per cent.

Sensex plummeted over 1,000 points in opening trade on Friday with Nifty falling 274 after Wall Street stocks plunged over fears of another wave of coronavirus in the US.

Sensex plummeted over 1,000 points in opening trade on Friday with Nifty falling 274 after Wall Street stocks plunged over fears of another wave of coronavirus in the US. Also Read: Several US states report spike in coronavirus cases as stocks plunge Sensex fell 1,101.68 points to 32,436.69 and the Nifty fell 274 points to 9,628. The markets recovered to trade at 32,818.74, down 719 points. Stocks in Asia plunged as well with stocks down in Hong Kong over one percent and Tokyo stocks were down 1.5 per cent and Shanghai shed 0.7 per cent. In Sydney stocks were down 1.7 per cent, Seoul, Singapore and Jakarta all dropped more than two per cent and Taipei slipped 0.9 percent. On Thursday, Wall Street street stocks collapsed with the Dow crashing 6.9 per cent and the S&P 500 sliding 5.9 per cent with the Nasdaq going down 5.3 per cent.

Global markets plunge over second wave of coronavirus in US; Sensex crashes over 1,000 points

Wall Street was heading for another rout early Monday amid turmoil in Washington, with the Dow losing as much as two per cent after its worst week since the 2008 financial crisis.

At 1525 GMT, the Dow Jones Industrial Average was at 22,124.44, down 1.4 per cent after earlier sliding two per cent.

The broad-based S&amp;P 500 fell 1.3 per cent to 2,384.14, while the tech-rich Nasdaq Composite Index shed 1.0 per cent to 6,270.13.

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The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!
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The declines came as Treasury Secretary Steven Mnunchin was set to hold a telephone conference with top US market regulators, another effort to reassure market that analysts say may be backfiring.

On Sunday, the Treasury leader announced that he phoned top executives of the nation's six largest banks and confirmed they have adequate liquidity.

But the statement "was not especially comforting, however, given that investors had not generally been questioning market functioning in recent days, despite large declines," said a note from Wells Fargo.

The Treasury Secretary on Saturday released a statement on Twitter quoting US President Donald Trump as denying any plans to&nbsp;fire Fed Chairman Jay Powell following media reports that Trump had privately asked cabinet members if he has the authority to dismiss the Fed chief.

"It might be more reassuring if Trump himself tweeted these comments, but then again Trump has demonstrated his propensity to flip-flop on issues as he did with his stance on the current government shutdown," said a note from Oxford Economics.

"If Trump tries to remove Powell, it could throw the financial markets into deep chaos that makes the current market turmoil look tame."

Last week was the Dow and Nasdaq's worst since the 2008 financial crisis.&nbsp;

Key drivers included upset at the Federal Reserve's latest interest rate hike, the shock resignation of Defense Secretary Jim Mattis, the ongoing US-China trade war and a US government shutdown triggered Friday at midnight following unsuccessful budget negotiations between President Donald Trump and congressional Democrats.

Monday's session will close at midday ahead of Tuesday's Christmas holiday when markets will be closed. Volume was expected to be light, which could sharpen trading moves.

Wall Street was heading for another rout early Monday amid turmoil in Washington, with the Dow losing as much as two per cent after its worst week since the 2008 financial crisis.

Wall Street was heading for another rout early Monday amid turmoil in Washington, with the Dow losing as much as two per cent after its worst week since the 2008 financial crisis. At 1525 GMT, the Dow Jones Industrial Average was at 22,124.44, down 1.4 per cent after earlier sliding two per cent. The broad-based S&P 500 fell 1.3 per cent to 2,384.14, while the tech-rich Nasdaq Composite Index shed 1.0 per cent to 6,270.13. The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt! — Donald J. Trump (@realDonaldTrump) December 24, 2018 × The declines came as Treasury Secretary Steven Mnunchin was set to hold a telephone conference with top US market regulators, another effort to reassure market that analysts say may be backfiring. On Sunday, the Treasury leader announced that he phoned top executives of the nation's six largest banks and confirmed they have adequate liquidity. But the statement "was not especially comforting, however, given that investors had not generally been questioning market functioning in recent days, despite large declines," said a note from Wells Fargo. The Treasury Secretary on Saturday released a statement on Twitter quoting US President Donald Trump as denying any plans to fire Fed Chairman Jay Powell following media reports that Trump had privately asked cabinet members if he has the authority to dismiss the Fed chief. "It might be more reassuring if Trump himself tweeted these comments, but then again Trump has demonstrated his propensity to flip-flop on issues as he did with his stance on the current government shutdown," said a note from Oxford Economics. "If Trump tries to remove Powell, it could throw the financial markets into deep chaos that makes the current market turmoil look tame." Last week was the Dow and Nasdaq's worst since the 2008 financial crisis. Key drivers included upset at the Federal Reserve's latest interest rate hike, the shock resignation of Defense Secretary Jim Mattis, the ongoing US-China trade war and a US government shutdown triggered Friday at midnight following unsuccessful budget negotiations between President Donald Trump and congressional Democrats. Monday's session will close at midday ahead of Tuesday's Christmas holiday when markets will be closed. Volume was expected to be light, which could sharpen trading moves.

Wall Street stocks continue to slide over US government shutdown

US&nbsp;stocks ended a wild week with a burst of buying, pushing the S&amp;P 500 up 1.5 per cent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead.

The sharp falls of the week confirmed the market was in a correction, down more than 10 per cent from a January 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their positions after months of steady gains.

The S&amp;P 500 ended the week nearly 9 per cent below the all-time high set just two weeks ago.

&ldquo;I don&#39;t see any reason to think that we&#39;re setting a pattern for next week or the rest of the year,&quot; said Rob Stein, the chief executive officer of Astor Investment Management in Chicago. &quot;The only pattern we&#39;re setting is more volatility.&quot;

On Friday alone, the S&amp;P 500 swung from gains of up to 2.2 per cent to declines of 1.9 per cent, echoing the big swings of the past week. The Dow moved in a range of more than 1,000 points, a more modest change than on Monday when the Dow fell as much as nearly 1,600 points.

The Dow Jones Industrial Average rose 330.44 points, or 1.38 per cent, to 24,190.9, the S&amp;P 500 gained 38.55 points, or 1.49 per cent, to 2,619.55, and the Nasdaq Composite added 97.33 points, or 1.44 per cent, to 6,874.49.

&nbsp;

Technology was the best-performing group on Friday, with Microsoft Corp, Alphabet Inc and Facebook Inc giving the biggest individual boosts to the S&amp;P 500. The energy was the lone major S&amp;P sector to end negative as oil prices tumbled.

The benchmark S&amp;P 500 fell 5.2 per cent for the week, its biggest weekly percentage drop since January 2016. For the week, the sector that got hammered the most was energy.

Ninety-six S&amp;P 500 stocks are down 20 per cent or more from their own one-year highs, according to Thomson Reuters data.

The sharp selloff in recent days was kicked off by concerns over rising inflation and bond yields, sparked by last week&#39;s January US&nbsp;jobs report.

&quot;You have a fundamental difference between the economy and earnings doing well, versus interest rates going up and inflation picking up, and it&rsquo;s still a question of which will dominate,&quot; said Giri Cherukuri, head trader at OakBrook Investments LLC in Lisle, Illinois.

Equities for years have looked relatively attractive compared to the low yields offered by bonds, but the rise in Treasury yields has diminished the allure of stocks, especially with stock valuations at historically expensive levels.

The yield on benchmark 10-year US&nbsp;Treasuries hovered around 2.85 per cent after touching a four-year peak of 2.885 per cent on Monday.

&ldquo;That&rsquo;s part of this recalculation that has gone on in the market: How do we factor in higher bond yields?&quot; said Willie Delwiche, investment strategist at Baird in Milwaukee. &quot;And that is a process that is playing out.&quot;

US&nbsp;fund investors sucked $23.9 billion out of the stock market in the latest week, marking the largest withdrawals from those funds on record, but bulls were still encouraged by strength in the global economy and solid U.S. corporate earnings.

Also, the percentage of Main Street investors expecting stocks to fall reached a three-month high in the American Association of Individual Investors&#39; weekly survey.

During Friday&#39;s session, the S&amp;P 500 briefly broke below its 200-day moving average, a closely watched technical level, before rising.

&quot;You will often see bounces off those levels,&quot; said Anwiti Bahuguna, senior portfolio manager at Columbia Threadneedle Investments in Boston.

The S&amp;P 500 lost $2.49 trillion in market value from Jan. 26 through Thursday, according to S&amp;P Dow Jones Indices.

Volatility remained high compared to recent months. The market&#39;s main gauge of volatility, the CBOE Volatility Index, fell 4.4 to 29.06 on Friday but was still nearly three times the average level of the past year.

In the latest day of strong trading volume, about 12 billion shares changed hands in US&nbsp;exchanges on Friday, well above the 8.5 billion daily average over the last 20 sessions. It was the first time weekly volume eclipsed 50 billion since August 2015.

Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.36-to-1 ratio favoured advancers.

The S&amp;P 500 posted no new 52-week highs and 47 new lows; the Nasdaq Composite recorded 17 new highs and 208 new lows.

&nbsp;

Investors have braced for more volatile trading days ahead

US stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 per cent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead. The sharp falls of the week confirmed the market was in a correction, down more than 10 per cent from a January 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their positions after months of steady gains. The S&P 500 ended the week nearly 9 per cent below the all-time high set just two weeks ago. “I don't see any reason to think that we're setting a pattern for next week or the rest of the year," said Rob Stein, the chief executive officer of Astor Investment Management in Chicago. "The only pattern we're setting is more volatility." On Friday alone, the S&P 500 swung from gains of up to 2.2 per cent to declines of 1.9 per cent, echoing the big swings of the past week. The Dow moved in a range of more than 1,000 points, a more modest change than on Monday when the Dow fell as much as nearly 1,600 points. The Dow Jones Industrial Average rose 330.44 points, or 1.38 per cent, to 24,190.9, the S&P 500 gained 38.55 points, or 1.49 per cent, to 2,619.55, and the Nasdaq Composite added 97.33 points, or 1.44 per cent, to 6,874.49. Technology was the best-performing group on Friday, with Microsoft Corp, Alphabet Inc and Facebook Inc giving the biggest individual boosts to the S&P 500. The energy was the lone major S&P sector to end negative as oil prices tumbled. The benchmark S&P 500 fell 5.2 per cent for the week, its biggest weekly percentage drop since January 2016. For the week, the sector that got hammered the most was energy. Ninety-six S&P 500 stocks are down 20 per cent or more from their own one-year highs, according to Thomson Reuters data. The sharp selloff in recent days was kicked off by concerns over rising inflation and bond yields, sparked by last week's January US jobs report. "You have a fundamental difference between the economy and earnings doing well, versus interest rates going up and inflation picking up, and it’s still a question of which will dominate," said Giri Cherukuri, head trader at OakBrook Investments LLC in Lisle, Illinois. Equities for years have looked relatively attractive compared to the low yields offered by bonds, but the rise in Treasury yields has diminished the allure of stocks, especially with stock valuations at historically expensive levels. The yield on benchmark 10-year US Treasuries hovered around 2.85 per cent after touching a four-year peak of 2.885 per cent on Monday. “That’s part of this recalculation that has gone on in the market: How do we factor in higher bond yields?" said Willie Delwiche, investment strategist at Baird in Milwaukee. "And that is a process that is playing out." US fund investors sucked $23.9 billion out of the stock market in the latest week, marking the largest withdrawals from those funds on record, but bulls were still encouraged by strength in the global economy and solid U.S. corporate earnings. Also, the percentage of Main Street investors expecting stocks to fall reached a three-month high in the American Association of Individual Investors' weekly survey. During Friday's session, the S&P 500 briefly broke below its 200-day moving average, a closely watched technical level, before rising. "You will often see bounces off those levels," said Anwiti Bahuguna, senior portfolio manager at Columbia Threadneedle Investments in Boston. The S&P 500 lost $2.49 trillion in market value from Jan. 26 through Thursday, according to S&P Dow Jones Indices. Volatility remained high compared to recent months. The market's main gauge of volatility, the CBOE Volatility Index, fell 4.4 to 29.06 on Friday but was still nearly three times the average level of the past year. In the latest day of strong trading volume, about 12 billion shares changed hands in US exchanges on Friday, well above the 8.5 billion daily average over the last 20 sessions. It was the first time weekly volume eclipsed 50 billion since August 2015. Advancing issues outnumbered declining ones on the NYSE by a 1.43-to-1 ratio; on Nasdaq, a 1.36-to-1 ratio favoured advancers. The S&P 500 posted no new 52-week highs and 47 new lows; the Nasdaq Composite recorded 17 new highs and 208 new lows.

Wall Street rebounds but posts worst week in two years

<a href="http://www.wionews.com/south-asia/maldives-emergency-special-operations-unit-breaks-supreme-court-gates-31918">Maldives emergency: Special operations unit enter Supreme Court, arrest Chief Justice Abdullah Saeed</a>

The US today condemned the Maldives government declaring that it stands with the people of Maldives and urged the government and military to &quot;respect the rule of law&quot;. Media reports said Chief Justice Abdullah Saeed, judge Ali Hameed and judicial service administrator Hassan Saeed who were in the premises were arrested.&nbsp;

<a href="http://www.wionews.com/business-economy/wall-street-crash-dow-jones-plunges-to-historic-low-sp-500-nasdaq-hit-31929">Wall Street crash: Dow Jones plunges to historic low, S&amp;P 500 &amp; Nasdaq hit</a>

In the biggest fall in its history, the &nbsp;Dow Jones Industrial Average fell nearly 1,600 points at one point as Wall Street experienced a bloodbath on Monday. The Dow&#39;s gains for 2018 were erased in a matter of hours as 4.6 per cent was wiped off the value of America&#39;s 30 largest companies to finish at as it closed at 24,345.75 ending down 1,175.21 points down.

<a href="http://www.wionews.com/india-news/special-screening-of-padmaavat-for-high-court-judge-over-fir-against-bhansali-31922">Special screening of &#39;</a><a href="http://www.wionews.com/india-news/special-screening-of-padmaavat-for-high-court-judge-over-fir-against-bhansali-31922">Padmaavat</a><a href="http://www.wionews.com/india-news/special-screening-of-padmaavat-for-high-court-judge-over-fir-against-bhansali-31922">&#39; for high court judge over FIR against Bhansali</a>

The film &quot;Padmaavat&quot; was specially screened for a Rajasthan high court judge who will today decide on a plea for quashing a police complaint against the film&#39;s director and actors after watching the film. The special screening of the Sanjay Leela Bhansali-directed period film started at 8 pm and was over by 10.40 pm, after which Justice Sandeep Mehta, accompanied by four members of his staff, left the multiplex. The only viewers of the film were Justice Mehta, his reader and two other staff members.

<a href="http://www.wionews.com/india-news/watch-girl-from-swedennow-a-sanskrit-teacher-in-india-31928">Watch: Meet Swedish girl who sings and speaks in Sanskrit</a>

Ananda Himani, who hails from Gothenburg, Sweden, is a holistic wellness motivator and a Sanskrit teacher. She has been living in India for a few years now and did her graduation from Banaras Hindu University, Varanasi in Performing Arts, Hindustani classical and then went on to study at the Samskrita Bharti.&nbsp;

<a href="http://www.wionews.com/india-news/soon-bags-heavier-than-15-kg-to-be-barred-at-20-delhi-metro-stations-31926">Soon, bags heavier than 15-kg to be barred at 20 Delhi Metro stations</a>

It may not be a smooth transit for Delhi metro commuters heading to the railway stations/airport with a big baggage, as DMRC has restricted the weight of the luggage to 15kg. Travellers using the Delhi Metro from select stations have been barred from carrying large bags, with authorities restricting the luggage size in view of security considerations, officials said.

Maldives emergency: Special operations unit enter Supreme Court, arrest Chief Justice Abdullah Saeed The US today condemned the Maldives government declaring that it stands with the people of Maldives and urged the government and military to "respect the rule of law". Media reports said Chief Justice Abdullah Saeed, judge Ali Hameed and judicial service administrator Hassan Saeed who were in the premises were arrested. Wall Street crash: Dow Jones plunges to historic low, S&P 500 & Nasdaq hit In the biggest fall in its history, the Dow Jones Industrial Average fell nearly 1,600 points at one point as Wall Street experienced a bloodbath on Monday. The Dow's gains for 2018 were erased in a matter of hours as 4.6 per cent was wiped off the value of America's 30 largest companies to finish at as it closed at 24,345.75 ending down 1,175.21 points down. Special screening of 'Padmaavat' for high court judge over FIR against Bhansali The film "Padmaavat" was specially screened for a Rajasthan high court judge who will today decide on a plea for quashing a police complaint against the film's director and actors after watching the film. The special screening of the Sanjay Leela Bhansali-directed period film started at 8 pm and was over by 10.40 pm, after which Justice Sandeep Mehta, accompanied by four members of his staff, left the multiplex. The only viewers of the film were Justice Mehta, his reader and two other staff members. Watch: Meet Swedish girl who sings and speaks in Sanskrit Ananda Himani, who hails from Gothenburg, Sweden, is a holistic wellness motivator and a Sanskrit teacher. She has been living in India for a few years now and did her graduation from Banaras Hindu University, Varanasi in Performing Arts, Hindustani classical and then went on to study at the Samskrita Bharti. Soon, bags heavier than 15-kg to be barred at 20 Delhi Metro stations It may not be a smooth transit for Delhi metro commuters heading to the railway stations/airport with a big baggage, as DMRC has restricted the weight of the luggage to 15kg. Travellers using the Delhi Metro from select stations have been barred from carrying large bags, with authorities restricting the luggage size in view of security considerations, officials said.

WION Morning News Brief, February 6, 2018