MAR­KETS

The Columbus Dispatch - - Front Page -

That sell-off ex­tended to Thurs­day, when U.S. stock mar­kets re­opened for trad­ing af­ter a na­tional day of mourn­ing for for­mer Pres­i­dent Ge­orge H.W. Bush. An early plunge knocked 700 points off the Dow as in­vestors wor­ried the ar­rest of a se­nior Chi­nese tech­nol­ogy com­pany of­fi­cial would un­der­mine trade ne­go­ti­a­tions be­tween Wash­ing­ton and Bei­jing. But stocks bounced nearly all the way back by the end of the day on news that the Fed­eral Re­serve was con­sid­er­ing a wait-and-see ap­proach to its in­ter­est rate hikes.

That op­ti­mism fu­eled a rally early Fri­day, which faded into an­other sharp drop.

“We’re in a mar­ket where in­vestors just want to sell any up­side that they see,” said Lind­sey Bell, in­vest­ment strate­gist at CFRA. “The volatil­ity we’ve seen the last cou­ple of weeks has been pretty ex­treme in both di­rec­tions.”

The S&P 500 in­dex fell 2.3 per­cent. The in­dex has ended lower three out of the last four weeks. The Dow dropped 2.2 per­cent. The tech-heavy Nas­daq com­pos­ite slid 3 per­cent.

The S&P 500 and Dow are now in the red for the year again. The Nas­daq was hold­ing on to a mod­est gain.

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