This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-42942921

The article has changed 15 times. There is an RSS feed of changes available.

Version 3 Version 4
US stock markets extend sharp falls Dow Jones stock index falls below 25,000
(about 1 hour later)
US shares have plunged following a brief respite in a day of volatile trading that has rattled global markets. The Dow Jones Industrial Average has plunged by more than 700 points in a day of volatile trading that has rattled global markets.
The Dow Jones Industrial Average led the fallers, down 1.68% or 427.58 points to 25,093.38. The leading US stock market index is down more than 3% to below 25,000.
It was closely followed by the wider S&P 500 stock index and the technology-heavy Nasdaq. It was closely followed by the wider S&P 500 stock index, down 2.6% and the technology-heavy Nasdaq, down 2%.
The falls began on Friday when strong wage growth data raised the prospect of accelerated interest rate rises. The falls extend losses on Friday, when strong wage growth data raised the prospect of accelerated interest rate rises.
London's main share index, the FTSE 100, closed down 1.46% while earlier, the biggest markets in Asia fell between 1% and 2.5%.London's main share index, the FTSE 100, closed down 1.46% while earlier, the biggest markets in Asia fell between 1% and 2.5%.
The decline followed months of market increases, which had fuelled concerns that share prices were over valued.The decline followed months of market increases, which had fuelled concerns that share prices were over valued.
The Dow raced past the 25,000 milestone in January, and exceeded the 26,000 mark by the end of the month.
David Madden, market analyst at CMC Markets, said: "Equity traders were enjoying a bullish run recently, and the jolt from the major decline in the US last Friday has triggered a worldwide round of profit taking."David Madden, market analyst at CMC Markets, said: "Equity traders were enjoying a bullish run recently, and the jolt from the major decline in the US last Friday has triggered a worldwide round of profit taking."
US shares suffer sharpest drop since 2016US shares suffer sharpest drop since 2016
The Dow Jones rose more than 25% in 2017 - a year which was also unusual for its lack of sharp moves.The Dow Jones rose more than 25% in 2017 - a year which was also unusual for its lack of sharp moves.
"There is going to be more volatility this year, " Andrew Wilson chief executive of Goldman Sachs Asset Management, told the BBC."There is going to be more volatility this year, " Andrew Wilson chief executive of Goldman Sachs Asset Management, told the BBC.
"We are in a cycle where central banks are reducing the amount of bonds they are buying and some central banks putting up interest rates," he said."We are in a cycle where central banks are reducing the amount of bonds they are buying and some central banks putting up interest rates," he said.
On Friday there was a hefty 4% loss for shares in Apple, which had been one of the markets' star performers in recent years.On Friday there was a hefty 4% loss for shares in Apple, which had been one of the markets' star performers in recent years.
That selling came despite a solid trading update from the company.That selling came despite a solid trading update from the company.