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Markets turn south again on renewed trade fears

Investors got a bit of a breather when the markets were closed on Wednesday. But stock trading is back Thurs...

Posted: Dec 6, 2018 12:57 PM
Updated: Dec 6, 2018 12:57 PM

Investors got a bit of a breather when the markets were closed on Wednesday. But stock trading is back Thursday — along with uncertainty.

The Dow was set to plunge 400 points Thursday after the Dow fell nearly 800 points on Tuesday. Tuesday's selling erased nearly $800 billion from the S&P 500's market value, according to S&P Dow Jones Indices.

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In a healthy bull market, the selloff would be just a blip — stocks would typically bounce back after a huge sell-off. But with so much volatility in the markets, the market's losses could be a sign of more to come.

Trade continues to sour investors' spirits. Despite a recent truce, the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress.

The arrest of Huawei CFO Meng Wanzhou in Canada renewed doubts about the US-China truce.

And investors have grown very worried about fluctuations in the bond market. The gap between short and long-term Treasury rates has narrowed significantly this week. Before almost every recession, the yield curve has inverted, meaning short-term rates are higher than long-term ones.

So how should you invest in the current climate?

Savita Subramanian, Bank of America's head of US equity and quantitative strategy, will join CNN business correspondent Alison Kosik on "Markets Now" on Thursday to discuss the state of the market and what we can expect in 2019.

"Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNN's business correspondents, the 15-minute program features incisive commentary from experts.

You can watch "Markets Now" at CNN.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 13260

Reported Deaths: 625
CountyConfirmedDeaths
Hinds89324
Lauderdale67855
Madison65421
Scott58910
Neshoba51231
Forrest48034
Jones46713
DeSoto4616
Leake38410
Holmes36523
Rankin3496
Jackson29613
Copiah2784
Attala27014
Lincoln24320
Monroe24224
Leflore24025
Harrison2346
Newton2243
Lamar2194
Yazoo2152
Pearl River20327
Pike19611
Adams18615
Lowndes1607
Noxubee1586
Washington1535
Warren1506
Bolivar14010
Jasper1393
Oktibbeha13410
Smith13110
Covington1271
Chickasaw12612
Clarke12616
Kemper12510
Lafayette1233
Carroll11310
Wayne1090
Marion1088
Lee1045
Clay993
Winston981
Coahoma983
Lawrence901
Hancock8711
Simpson850
Itawamba857
Yalobusha824
Wilkinson829
Montgomery781
Sunflower773
Grenada752
Jefferson Davis712
Union715
Tippah7011
Marshall693
Panola622
Calhoun604
Tate591
Claiborne581
Humphreys537
Amite521
Walthall510
Tunica483
Perry462
Jefferson400
Prentiss383
Stone300
Choctaw292
Webster271
Pontotoc263
Franklin252
Tishomingo250
Quitman240
Tallahatchie241
George191
Alcorn151
Benton140
Greene71
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 14478

Reported Deaths: 551
CountyConfirmedDeaths
Mobile1996109
Jefferson161488
Montgomery118630
Marshall6499
Tuscaloosa50512
Lee49832
Franklin4476
Shelby43319
Tallapoosa39662
Butler34411
Chambers33623
Madison2964
Baldwin2749
Elmore2637
Etowah23610
DeKalb2213
Coffee2001
Walker1981
Dallas1973
Sumter1916
Lowndes18610
Houston1644
Morgan1621
Autauga1593
Calhoun1413
Choctaw1414
Pike1360
Colbert1362
Marengo1336
Hale1293
Russell1280
Lauderdale1282
Randolph1257
Wilcox1187
Marion11310
Bullock1111
Barbour1101
Clarke1022
St. Clair1021
Pickens934
Talladega912
Greene894
Chilton871
Dale830
Cullman760
Limestone740
Jackson692
Covington651
Washington645
Winston620
Macon602
Bibb591
Crenshaw582
Henry562
Blount491
Escambia433
Lawrence420
Coosa331
Geneva330
Cherokee332
Perry310
Monroe282
Clay272
Conecuh251
Lamar200
Cleburne131
Fayette110
Unassigned00
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