Investors Nervous With Fed Meeting Ahead and a Santa Crash Behind

Dow dumps 400 points, on track for lowest close since April

The Nasdaq Composite Index was down 156.93 points, or 2.27 percent, to 6,753.73, Xinhua news agency reported on Monday. It is expected to raise the rate - used as a benchmark for many consumer and business loans - by a modest quarter point to a range of 2.25 percent to 2.5 percent. Brent crude, used to price worldwide oils, was up a cent at $56.27 a barrel.

The Federal Reserve recently forecast three more increases in interest rates next year, but investors doubt that's going to happen. The stock has dropped 16 percent since early October. Afterhours trading in the largest exchange-traded fund that tracks the S&P 500 fell 0.5 percent.

Following a dip by retail and health sector stocks, the Dow Jones Industrial Average fell Monday to its lowest point in over a year. FedEx's warning follows Caterpillar Inc., a bellwether of global growth, that was punished by investors in October after repeating its warnings of rising costs due to higher steel prices and USA tariffs.

Boeing jumped 3.8 per cent after it boosted its dividend and announced a new share buyback program, while Johnson & Johnson added one percent after announcing a $5 billion share repurchase plan of its own. The companies have taken huge losses this year as rising mortgage rates and prices have reduced home sales. The Cboe Volatility Index, the most widely followed gauge of expected near-term gyrations for the S&P 500, finished up 1.06 points at 25.58, its highest close in 10 months.

China arrests third Canadian
Trudeau said it appears to be a routine case, not involving the sort of national security charges listed against the other two. An official at the Chinese Embassy in Ottawa said the embassy had no information to release on the issue.

Prices for the benchmark for the 10-year U.S. Treasury grew, lowering yields to 2.83% from Monday's 2.86%.

U.S. stocks held near a 14-month low on a volatile day that saw the benchmark gauge swing nearly 2 percent from trough to peak.

European stocks are lower, with Germany's DAX slipping 0.35% and Britain's FTSE 100 down more than 0.7%.

Shares of Facebook Inc, Apple Inc, Amazon.com Inc, Netflix Inc and Google parent Alphabet Inc, collectively known as FAANG, gained between 1.3 percent and 3.1 percent.

Jose Mourinho sacked: Manchester United fire beleaguered manager with immediate effect
If you're a manager of his stature, you're on a collision course and we've seen this play out in public over the past few months. In a statement, the club confirmed the news that they were parting ways with their controversial manager.

Johnson & Johnson shares rose 1.0 percent after a almost 13 percent drop over two days on a Reuters report that the company knew for decades that its Baby Powder contained asbestos.

The S&P 500 Index ended virtually unchanged as investors braced for Wednesday's Federal Reserve policy decision.

Gold inched up 0.1 percent to $1,253.30 an ounce. The Nikkei 225 in Japan lost 1.8 percent, the Hang Seng in Hong Kong dropped 1 percent and South Korea's Kospi slipped 0.4 percent. The euro rose to $1.1357 from $1.1350, and the British pound rose to $1.2639 from $1.2629.

Virgin Galactic sends tourist rocket into space for first time
Mr Branson, was present at the take-off, along with hundreds of spectators in the California desert early this morning. The Mojave, Calif., launch was the fourth test flight of the SpaceShipTwo Unity , reports Space.com, which has photos.

Related news:

Hot News

isis-killer-beheading-video-story-top Russian new military barracks in disputed Kuril islands anger Japan
Dec 20, 2018 - 14:16
The 248-meter-long Izumo-class ships are as big as any of Japan's aircraft carriers in World War II. Local media have said the purchases could total more than one trillion yen ($8.8 billion).

isis-killer-beheading-video-story-top Ole Gunnar Solskjaer appointed caretaker manager at Manchester United
Dec 20, 2018 - 08:53
Tottenham manager Mauricio Pochettino is among the favourites with British bookmakers to take over on a full-time basis. Many thought the club would simply embrace this season as a write-off and announce Jose's departure in the summer.

isis-killer-beheading-video-story-top Theresa May announces when MPs will vote on Brexit deal
Dec 18, 2018 - 14:43
Corbyn said the move was "the only way I can think of ensuring a vote takes place this week". Meanwhile, PM also said that MPs should not be helping Corbyn trigger a general election.

isis-killer-beheading-video-story-top Lawyer says Mueller can interview Trump only 'over my dead body'
Dec 18, 2018 - 13:16
"If there's another objective , it's not a campaign contribution", Giuliani told ABC. "That was a lawyer you were interviewing". There are reports that the special counsel still wants a sit-down interview with the president. "Good luck.

isis-killer-beheading-video-story-top Canelo Alvarez defeats Rocky Fielding
Dec 18, 2018 - 12:40
That was the plan in the gym, that was the plan to hit the body, then move up and that's the result, you see the result here. DAZN will be live streaming the first undercard fight right through to the main event this evening.

isis-killer-beheading-video-story-top Miss Universe Catriona Gray Stands Up For Transgender Miss Spain in Pageant
Dec 18, 2018 - 12:11
After a while I realised that I can't change other people's perspective of me. The organization has allowed transgender participation since 2012.

isis-killer-beheading-video-story-top Google is the latest tech giant to expand in New York City
Dec 18, 2018 - 11:59
The move could allow the company to more than double the current 7,000 people it employs in the city over the next decade. It also makes sense for Google as NY has been the centre for their core advertising business, Cordwell added.

isis-killer-beheading-video-story-top James Comey Slams the Republican Party After Second Interview on Capitol Hill
Dec 18, 2018 - 11:16
Asked later if he had confidence in acting Attorney General Matthew Whitaker, Comey said "no comment". He has called special counsel Robert Mueller's Russian Federation investigation a "hoax".

isis-killer-beheading-video-story-top Palestinians slam Australia's move on Jerusalem
Dec 15, 2018 - 18:04
The Australian government will establish a trade and defence office in West Jerusalem, but will not move the embassy. However, the US President Donald Trump decision to shift the US embassy to Jerusalem from Tel Aviv delighted Israel.

isis-killer-beheading-video-story-top Samsung Galaxy S10+ to arrive with dual front-facing cameras
Dec 15, 2018 - 17:59
Earlier rumours of a "supersized" phone with six cameras and a 6.7-inch display were not mentioned by Gizmodo's source. The regular Galaxy S10 price will be £799 ($1,007) for the 128GB version and £999 ($1,260) for the 512GB variant.

isis-killer-beheading-video-story-top Did LeBron James Almost Have a New York State Of Mind?
Dec 15, 2018 - 17:45
I'm a huge Kobe Bryant fan, and seeing him retire amidst the flashy lights of Los Angeles in 2016 was a fitting end to his career. Watch Heat vs Lakers live online streaming without cable tonight using one of the following options.

isis-killer-beheading-video-story-top 'May Be He Misses Me!' - Ronaldo Invites Messi To Serie A
Dec 15, 2018 - 17:02
The talented Spain global has been struggling under Santiago Solari following his appointment as Julen Lopetegui's successor. Juventus are next in action on Wednesday when they conclude their Group H Champions League commitments away to Young Boys.

isis-killer-beheading-video-story-top Sri Lanka court verdict expected on Parliament's dissolution
Dec 15, 2018 - 16:36
Parliament has twice voted against Mr Rajapaksa, but he has refused to step down. Two key court orders on the legality of Sirisena's action await delivery.

isis-killer-beheading-video-story-top Hansen hails outstanding Ben Smith ahead of Pau switch
Dec 15, 2018 - 16:30
The 59-year-old said last month on the northern hemisphere tour that he will make a call on his coaching future before Christmas. New Zealand Rugby chairman Brent Impey thanked Hansen for his "enormous contribution to our national game".

isis-killer-beheading-video-story-top Wizards to acquire Ariza in three-team swap with Suns, Grizzlies
Dec 15, 2018 - 14:52
Memphis would have also shipped a 2020 second-round pick and a 2019 conditional second-round pick via the Celtics to Washington. The confusion caused by the reports was seemingly no more clear to the public than it was to the teams involved in the trade.