Dow Down Over 1,000 Points Over Two-Day Span

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Japan's benchmark fell by an unusually wide margin of 3.9 percent and China's main index lost 4.3 percent. The Dow's percentage decline doesn't crack the top percentage declines. It was at just 3.05 percent early last week and 2.82 percent in late August.

The CAC 40 in France dropped 2.1 per cent, Germany's DAX lost 2.2 per cent and the FTSE 100 in London fell 1.3 per cent. The Russell 2000 index of smaller-company stocks shed 37 points, or 2.3 per cent, to 1,584.

A global measure of equity prices fell to a 1-year low on Thursday as Wall Street extended its October slide into a sixth session as investors feared an escalating US trade war with China and risks from a recent climb in interest rates. In the previous session, the stock jumped 15 per cent on a Globe and Mail report that Altria Group was in talks for acquiring a stake.

Other analysts said they had expected the pullback because the soaring market was due for a correction.

The S&P 500's current decline is the longest since a nine-day skid shortly before the 2016 presidential election.

Among the tech sector's worst performers in Europe, Austrian chipmaker AMS fell 5.9 percent and STMicroelectronics closed down 5.8 percent. "This meltdown isn't just a mild case of the sniffles suggesting the latest sneeze from the US equity market could morph into a global markets pandemic".

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

President Trump blasted the Federal Reserve for raising interest rates.

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But when pressed by Llamas, she said there are still people working inside the White House she does not consider trustworthy. Susan Collins (R-ME), who had defended America's founding principles of due process and the presumption of innocence.

"We have interest rates going up at a clip that's much faster than certainly a lot of people, including myself, would have anticipated". "I think the Fed has gone insane", he charged.

Rising interest rates make bonds more attractive relative to riskier stocks.

During the regular session, the S&P 500 marked its biggest daily percentage fall since February 8 - 3.3 percent - and Nasdaq registered its biggest fall since June 24, 2016 - 4.1 percent - as rising U.S. Treasury yields sent investors fleeing from risky assets. The 10-year U.S. Treasury note yield hit 3.214 percent, up from 3.208% a day earlier.

Technology and retail companies continued to stumble.

Tokyo's Nikkei 225 gave up 3.9 percent to 22,591.10 and the Shanghai Composite lost 4.3 percent to 2,607.44. Microsoft and Alphabet, Google's parent company, were little changed. The benchmark USA stock index hadn't suffered a five-day losing streak since November 2016, just before the presidential election. Facebook, the sixth-largest company, has tumbled 29 percent since late July, surpassing the 20-percent threshold for a "bear market". The tech-heavy Nasdaq Composite was down by 2.4 percent.

Although that's largely because the USA economy is so strong, the spike in rates for the benchmark U.S. 10-Year Treasury has investors wondering if the near-decade-old bull market may finally be ending. Silver dipped 0.5 per cent to $14.33 an ounce.

The dollar fell to 112.59 Japanese yen from 113.05 yen late Tuesday.