KXIP vs KKR Live Score

Apple climbed 1.6 percent to $217.79 and Microsoft gained 1.5 percent to $107.49.

'A bounce off the lows isn't unexpected, but the key will be what kind of a market support it has and whether or not it can persist, ' said Willie Delwiche, investment strategist at Robert W. Baird in Milwaukee.

Seeking safety, investors bought gold and government bonds.

The data helped push U.S. Treasury yields to a one-week low, further soothing equity investors. But investors found more things to worry about. "It's a correction that we've been waiting for, for a long time". JPMorgan Chase reported a 24 percent jump in profit, to $8.38 billion, mostly thanks to strong consumer business.

Other notable index closes included the S&P 400 Mid-Cap Index at 1,866.73 for a loss of -38.70 points or -2.03%; the S&P 100 at 1,214.29 for a loss of -25.54 points or -2.06%; the Russell 3000 at 1,609.70 for a loss of -33.07 points or -2.01%; the Russell 1000 at 1,508.14 for a loss of -31.12 points or -2.02%; the Wilshire 5000 at 28,198.47 for a loss of -569.01 points or -1.98%; and the Dow Jones U.S. Select Dividend Index at 687.95 for a loss of -16.09 points or -2.29%. The index has declined 6.7 percent during its current losing streak.

The Dow Jones dropped almost 550 points Thursday after it fell more than 800 points on Wednesday.

The three gainers among banks included Citigroup, which rose 2.0 per cent, and Wells Fargo, which eked out a 1.3 per cent gain after upbeat results. Most of the stocks on the New York Stock Exchange fell.

Thursday's losses in the US followed steep declines overseas.

Higher yields also make bonds more appealing to investors versus stocks. But at its session low the benchmark fell 2.7 percent to its lowest level since early July.

The market had been calm from late June through September as investors were satisfied with continued economic growth, strong company profits, and signs of progress in trade talks between the USA and several partners, even as the US remained at odds with China. While stocks had done well in spite of the rising trade tensions between China and the USA, investors seem more anxious now. -China trade dispute, which has been escalating.

Delwiche, the Baird strategist, thinks the current USA market slump isn't over yet.

Trump warns he could do ‘a lot more’ on China trade
September marked the second straight record Chinese monthly trade surplus with the United States after August's $31 billion. Treasury bonds, might start dumping its holdings as a way to bring more pressure on the United States in the trade dispute.

Chase says West Indies ready to 'fight back' against India
Kieran Powell's 83 and Roston Chase's 53 were the only notable contributions from the visitors' batting line-up in the first game. The only cause of concern for the Indian team management is Rahane, who last scored a hundred against Sri Lanka in August 2017.

Climate change report urges immediate action
The world has warmed by one degree Celsius since the pre-industrial period and the science is clear that it is caused by humans. Given humanity's track record, this dramatic and unprecedented action seems unlikely.

"The strong snapback shows to me that the bulls are still in charge and the market does want to go higher", Feinseth said.

But the Fed - led by Mr Trump's hand-picked chairman Jerome Powell - won backing from International Monetary Fund chief Christine Lagarde, who said that raising rates in economies like America's was "clearly a necessary development". The yield on the 10-year Treasury note rose to 3.16 percent from 3.13 percent.

Banks rose as they began to report their third-quarter results.

Technology and retail companies continued to stumble.

Amazon jumped 3.8 per cent and Apple clawed back 2.9 per cent.

Bond prices were little changed. Those stocks have made huge gains for years, but they're now out of favor.

The S&P 500 posted no new 52-week highs and 52 new lows; the Nasdaq Composite recorded 9 new highs and 220 new lows. The S&P is down 6.7 percent since from its latest record high, set September 20.

USA crude oil added 0.6 percent to $71.43 a barrel in in NY. Wholesale gasoline, heating oil and natural gas also declined. Japan's Nikkei Stock Average gained 0.5 percent, and Hong Kong's Hang Seng increased 2.1 percent.

The S&P 500 technology index .SPLRCT rose 1.77 percent, providing the biggest boost to the S&P 500.

The dollar slipped to 111.98 yen from 111.94 yen.