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: 66646

Reported Deaths: 1874
CountyConfirmedDeaths
Hinds5544117
DeSoto357430
Harrison240635
Madison239664
Rankin225132
Jackson222542
Jones185058
Forrest175855
Washington160640
Lauderdale139790
Lee138333
Neshoba128492
Lamar119214
Oktibbeha109638
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Lowndes105837
Warren103332
Panola102612
Scott99520
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Lafayette95615
Copiah94528
Leflore90762
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Holmes87348
Grenada83821
Yazoo81512
Pontotoc8098
Lincoln79641
Leake78625
Simpson78630
Monroe76952
Wayne75321
Coahoma71511
Tate70527
Marshall6749
Marion64320
Winston61116
Adams61025
Covington61013
Union60116
George5494
Newton53711
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Tallahatchie52210
Attala51525
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Calhoun4079
Prentiss40310
Claiborne39813
Alcorn3975
Smith39713
Clay39214
Jasper3819
Hancock37314
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Tippah34213
Clarke32525
Tunica3226
Montgomery3153
Lawrence3127
Yalobusha31210
Humphreys28311
Carroll26011
Quitman2521
Greene23611
Jefferson Davis2286
Kemper22714
Amite2256
Webster22512
Perry2237
Wilkinson20113
Jefferson1946
Sharkey1944
Stone1864
Benton1420
Choctaw1314
Franklin1192
Issaquena251
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 94827

Reported Deaths: 1674
CountyConfirmedDeaths
Jefferson12743242
Mobile9565206
Montgomery6521148
Madison525030
Tuscaloosa410371
Unassigned347461
Baldwin344323
Shelby320133
Marshall309034
Lee262844
Morgan233017
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DeKalb177113
Calhoun170413
Elmore169438
Walker150264
Houston136412
Russell13422
Dallas131123
St. Clair131016
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Franklin125820
Cullman120112
Colbert115613
Lauderdale113917
Autauga106521
Escambia105416
Talladega98613
Jackson9454
Tallapoosa84979
Chambers83538
Dale82323
Blount7743
Chilton7676
Butler75935
Coffee7475
Covington72620
Pike6907
Barbour5695
Lowndes56724
Marion56724
Marengo54614
Clarke4969
Hale46726
Bullock45411
Winston44411
Perry4364
Wilcox41810
Bibb4164
Monroe4154
Randolph39410
Pickens3849
Conecuh38210
Sumter36218
Lawrence3441
Macon33213
Washington32712
Crenshaw3133
Choctaw27912
Cherokee2637
Geneva2550
Henry2523
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Clay2495
Lamar2172
Fayette1985
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Coosa1012
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