The Dow Jones sank another 600 points today

A screen displays the Dow Jones Industrial Average following the closing bell

The Dow dropped from a January 26 peak of 26,567, closing at 23,860 - a plunge of 10.8 percent. The first such circuit breaker kicks in when the S&P 500 falls at least 7%, what's called level 1.

Traders saw the Dow drop 1,175 points amid a sell off rush.

. The bond market is a decent indicator of fears about inflation.

On Thursday, the Bank of England seemed to offer support for the view that rates in general are on an upward path.

Bond prices fell slightly.

Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year.

On Monday, S&P 500 biggest losing stock was Wells Fargo.

The Nasdaq Composite was down 129.01 points, or 1.83 percent, at 6,922.98. Trump's Administration downplayed the gravity of the selloff, with Deputy Press Secretary Shah telling journalists that markets do fluctuate and that this economy has got solid fundamentals.

Analysts blamed higher treasury bond yields for Thursday's poor performance, also saying the market has become too expensive and was due for correction.

The Dow was up 264 points, or 1.1 percent, at 24,122.

Major indexes in Asia and Europe sank Tuesday and US markets started sharply lower, zigzagging between gains and losses.

Wall Street stocks mostly fell early today despite a batch of strong earnings from Twitter and others as markets struggled to shrug off the volatility of the last week.

The market, now in its second-longest bull run of all time, had not seen a correction for two years, an unusually long time.

Benchmark U.S. crude lost 77 cents, or 1.3 percent, to $60.38 per barrel on the New York Mercantile Exchange.

Few big companies emerged unscathed, with Dow giants Boeing and Caterpillar losing around five percent, around the same range as tech titans Amazon and Facebook.

While Wall Street has been calling for a correction for some time, given the market's euphoric rise, the fall has been more violent and quicker than anticipated.

After starting the day deep in negative territory, and lingering in a neutral zone for much of the sessions, the Dow surged in the final 90 minutes of trading to end the day sharply up.

The global equity rout extended on Tuesday as first Asian and then European markets tumbled, sending a gauge of world stocks toward the biggest three-day slide since 2015. The broad market S&P 500 finished down 101 points, at 2,581.

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