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Dow futures point to a 300-point drop as stock market rout continues; tech shares fall in premarket
CNBC ^ | October 11, 2018 | Fred Imbert | Alexandra Gibbs

Posted on 10/11/2018 4:53:05 AM PDT by E. Pluribus Unum

U.S. stock index futures tanked ahead of Thursday's open, as the global market rout continued to thrash stocks.

Around 7 a.m. ET, Dow Jones Industrial Average futures sank 205 points, indicating a loss of about 300 points at the open. S&P 500 and Nasdaq 100 futures also pointed to sharp drops at the open.

Tech shares were also headed for a steep decline after posting their worst day in seven years in the previous session. Facebook and Apple were both down more than 1 percent in the premarket, while Amazon and Netflix dropped at least 2 percent each. Twitter and Alphabet also traded more than 1 percent lower.

Thursday's moves come a day after the Dow sank more than 800 points. Worries over fast-rising interest rates and a steep tech rout sent U.S. equities tumbling on Wednesday. International markets also fell on Thursday. Asia-Pacific stocks saw sharp declines by the region's market close, while European shares tumbled.

Rising U.S. Treasury yields have been keeping investors on their toes in previous sessions. The benchmark 10-year note yield recently hit its highest level in seven years while the two-year yield reached its highest mark since 2008 on Wednesday.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: bigtech; djia; dow10000; october; stockmarket
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The plunge protection team's little October Surprise.
1 posted on 10/11/2018 4:53:05 AM PDT by E. Pluribus Unum
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To: E. Pluribus Unum

I see it as a chance to buy cheap.


2 posted on 10/11/2018 4:56:18 AM PDT by V_TWIN
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To: E. Pluribus Unum
If this is an October surprise, it's way too small. Also Trump has been wisely tamping down the markets with the trade skirmishes. The market was way too hot and too high and vulnerable (weak hands). You can tell that's the case when millenials mindlessly "invest" in momo stocks. Lots of other tells too.

The markets were weaponized against McCain as well, but McCain was far too limp and stupid to fight back.

3 posted on 10/11/2018 4:56:44 AM PDT by palmer (...if we do not have strong families and strong values, then we will be weak and we will not survive)
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To: E. Pluribus Unum

It TIME to END the FED!!!!!!!


4 posted on 10/11/2018 5:05:02 AM PDT by ZULU (MAGA)
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To: E. Pluribus Unum

Trump is questioning the motives of the rate hike .

https://www.thegatewaypundit.com/2018/10/after-the-fed-screws-president-trump-again-he-states-the-obvious-the-fed-has-gone-crazy/

The federal is a Dem Party institution and Globalist playground.


5 posted on 10/11/2018 5:07:42 AM PDT by ncalburt (Gop DC Globalists out themselves)
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To: ZULU

Trump agrees and some I .


6 posted on 10/11/2018 5:08:16 AM PDT by ncalburt (Gop DC Globalists out themselves)
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To: ZULU

The Fed will kill people who try to shut them down.

c.f. John Fitzgerald Kennedy


7 posted on 10/11/2018 5:11:37 AM PDT by Lazamataz (On future maps, I suggest we remove the word "California" and substitute "Open-Air Asylum".)
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To: ncalburt

The Creature from Jekyll Island is a menace.


8 posted on 10/11/2018 5:14:30 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla
So true .

For 8 years the Fed Sheltered a Muslim Socialist Globalist and did nothing .

Now , the Globalists attack
Trump and the US economy .

Its time to evicted the Federal reserve current inhabitants.

9 posted on 10/11/2018 5:21:22 AM PDT by ncalburt (Gop DC Globalists out themselves)
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To: V_TWIN

It is.
I just liquidated an IRA last Tuesday, from PNC Bank, moved it in $750,000 cash to Wells-Fargo, and my broker and I are waiting until things “re-value”; then we’ll make the buys.


10 posted on 10/11/2018 5:21:37 AM PDT by carriage_hill (Life is simpler when you plow around the stump.)
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To: Lazamataz

Not if someone gets them first.
Globalist conspiracy.


11 posted on 10/11/2018 5:24:21 AM PDT by ZULU (MAGA)
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To: E. Pluribus Unum

Smells like another Get Trump.


12 posted on 10/11/2018 5:26:18 AM PDT by JPG (MAGA)
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To: V_TWIN

“I see it as a chance to buy cheap.”

That’s what people like Warren Buffet do, and are doing.


13 posted on 10/11/2018 5:34:01 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: palmer

The democrats need a race war, need to continue the sex war, need to start a depression to win.


14 posted on 10/11/2018 5:36:26 AM PDT by Robert A Cook PE (The democrats' national goal: One world social-communism under one world religion: Atheistic Islam.)
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To: E. Pluribus Unum

As I’m watching, the drop right now is only 27 points.


15 posted on 10/11/2018 5:38:11 AM PDT by Road Warrior 04 (Boycott The NFL! Molon Labe! Oathkeeper)
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To: Road Warrior ‘04

WS hours are 930 to 4


16 posted on 10/11/2018 5:44:29 AM PDT by ncalburt (Gop DC Globalists out themselves)
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To: Road Warrior ‘04

The inflation data was good .
Crossed fingers .


17 posted on 10/11/2018 5:45:47 AM PDT by ncalburt (Gop DC Globalists out themselves)
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To: E. Pluribus Unum

Amazon, Google, Twitter and Facebook are going to be seriously looked at for their leftist bias after the election. Money is fleeing them.


18 posted on 10/11/2018 5:46:22 AM PDT by TruthFactor (Hang em', Hang em' High.)
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To: E. Pluribus Unum

Investors know that Big Tech has taken sides with the Democrats and its not going to end well.


19 posted on 10/11/2018 5:49:12 AM PDT by Buckeye McFrog
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To: E. Pluribus Unum

What good is hi-tech when you cant successfully use it to devestate your enemies judicial nomenee?

Damn computers!


20 posted on 10/11/2018 5:50:51 AM PDT by Delta 21 (.....been here this long you actually expect me to read the article....)
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