Maggie & Quest break down Wall Street's moves coming from NYSE floor

The Dow is usually having its worst week since the financial crisis.

Fears about inflation as well as soaring bond yields have sent the Dow plunging 6.5% through the first four trading days of in which week. in which would likely be the steepest decline in any week since October 2008.

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The selling on Wall Street spread to Asia overnight as stocks dropped in China as well as Japan. European stocks also retreated on Friday.

The Great news is usually in which Dow futures are signaling a modestly higher open at the end of an ugly week.

After losing a record 1,175 points on Monday, the Dow tumbled 1,033 points more on Thursday. in which landed in a correction, a 10% decline coming from previous highs. The S&P 500 has shed 6.6% in which week, its second-worst since 2008. All the Nasdaq’s gains for the year have been wiped out.

The market turmoil follows a prolonged period of booming stock prices with virtually no sharp declines. Such a rapid rise is usually unusual, as well as market analysts long warned in which a pullback was overdue.

“The run-up on the market was amazing. We’ve all enjoyed in which,” said Rich Guerrini, CEO of PNC Investments.

The selling has been driven by the rapid rise in 10-year Treasury yields. Selling from the bond market led Wall Street to worry in which inflation will force the Federal Reserve to speed up its rate hike plans.

The 10-year Treasury yield, which touched a four-year high of 2.88% on Thursday, dipped back to 2.82% on Friday morning.

Wall Street’s rate shock is usually “a bit alarming” because in which’s “another reminder of our addiction to cheap money,” Kit Juckes, global fixed income strategist at Societe Generale, wrote in a report on Friday.

feb 8 dow 5 day

Related: in which is usually why the Dow is usually plunging

The ferocity of the selling has caught investors off guard.

While the market turbulence can be alarming, analysts urged investors to stay calm because the economic backdrop is usually strong. The unemployment rate is usually 4.1%, a 17-year low, as well as economic growth is usually anticipated to gain steam in 2018.

“The last thing anybody should do is usually overreact to traditional volatility,” Guerrini said.

Despite the heavy losses in which week, the Dow remains up 36% since President Trump’s election.

sy88pgw (fresh York) First published February 9, 2018: 12:02 AM ET