Dow Industrial Average Futures were down by about 300 points, or 1.2 percent, in pre-market trading, implying a sharply lower opening on Thursday after falling more than 3 percent on Wednesday.
USA shares are set for big declines when markets open Thursday. The Russell 2000 dropped 25 points, or 1.6 percent, to 1,550.25.
Investors are retreating from risky investments like shares, over concerns about rising interest rates and the impact of trade wars on corporate earnings. The S&P 500 slipped 55 points, or 2 per cent, to 2,730.
Meanwhile, the technology-heavy Nasdaq index dropped by 1.3pc to 7,329. It's fallen 6.3 per cent over the last five days. On Wednesday it suffered its biggest loss in two years. That didn't happen Wednesday as stocks fell further late in the day.
Amazon has soared 50 percent this year, but its stock has fallen 14 percent from its all-time high in early September.
Insurance companies dropped as Hurricane Michael continued to gather strength and came ashore in Florida bringing winds of up to 155 miles an hour. Berkshire Hathaway dipped 4.1 per cent to $214.64 and reinsurer Everest Re slid 4.6 per cent to $218.97.
5.9 magnitude quake in Haiti leaves at least 14 dead
A boy that was injured by an aftershock receives treatment at the general hospital in Port-de-Paix, Haiti, Sunday , Oct. 7, 2018. In the town of Gros-Morne, one bed was covered in rubble, while the exterior walls of some homes were visibly cracked.
Luxury retailers tumbled. Tiffany plunged 10.2 percent to $110.38 and Ralph Lauren fell 8.4 percent to $116.96.
The 10-year Treasury note yield traded around 3.23 percent, while the two-year yield reached its highest mark since 2008.
"We have interest rates going up at a clip that's much faster than certainly a lot of people, including myself, would have anticipated". But the decline in yields didn't help stocks Thursday.
The increase in yields from these bonds - which are parcels of USA government debt - can hurt stocks since they will provide competition for investors' cash. US markets rebounded briefly after it was announced that President Trump would meet with Chinese leader Xi Jinping at next month's G-20 summit in Buenos Aires to discuss the intensifying trade conflict. Only 17 stocks in the S&P 500 wound up with a gain.
Meanwhile struggling retailer Sears was in focus as the Wall Street Journal reported that it was preparing to file for bankruptcy. The stock fell 15 per cent to 50 cents. The most recent, starting in 2007, lasted about 2 1/2 years, though it took another four for the bull market to exceed highs reached in 2007. Over the years, Sears has closed hundreds of stores and sold several famous brands.
Benchmark U.S. crude oil fell 2.4 per cent to $73.17 a barrel in NY. Brent crude, the global standard, dropped 3.4 percent to $80.26 a barrel in London. Heating oil shed 2.6 percent to $2.33 a gallon.
Trump silent on UN climate warning
Add Climate Change as an interest to stay up to date on the latest Climate Change news, video, and analysis from ABC News. Any additional emissions would require the removal of Carbon dioxide from the air.
The communication services sector also rose 0.49 percent on Thursday, with Facebook and Alphabet both rising 1.4 percent.
In other metals trading, silver rose 2 percent and copper added 0.8 percent.
The dollar index fell 0.31 per cent, with the euro up 0.4 per cent to $1.1564. JPMorgan and Bank of America are each down close to 1.5 percent. Eastern time. It's on pace to be the index's worst day since February 5, when it lost over 1,100 points in a single trading day. Also known as Wall Street's "fear index", the VIX tends to rise when stocks are down. Brazil's Bovespa lost 2.5 percent and the Merval in Argentina sank 2.2 percent.
The dollar fell to 112.59 Japanese yen from 113.05 yen late Tuesday.
He signed with New Orleans in the 2017 offseason and spent four games with the Saints before they traded him to Arizona. Brees, 39, finished Monday's game having completed 148-of-190 passes for 1,658 yards and 11 touchdowns this season.
That's unlikely to change, said Robin Wright, a scholar at the Wilson Center think tank and close friend of the missing writer. Earlier, the Washington Post reported that U.S. intelligence intercepts outlined a Saudi plan to detain Khashoggi.
The Nobel Memorial Prize in Economic Sciences was established by Sweden's central bank and first given out in 1969. The 62-year-old Romer won for "integrating technological innovations into long-run macroeconomic analysis".
While Chinese nationals got access to two new areas visa-free or visa-on-arrival, it still slide down tow places to just 71st. The index measures passport power by the number of destinations the holder can visit without arranging a visa first .
Protesters have shone torch beams on the Sydney Opera House sails to try and obscure projections of The Everest horse race . Some 240,000 people have now signed a Change.org petition calling for the promotion to be stopped.
At 11am (1500 GMT) on Wednesday, the storm was located about 485 miles (785 km) southeast of Wilmington, North Carolina . Henry McMaster has ordered evacuations in counties along the state's coast, including Charleston.
Channel24, South Africa's largest entertainment website, will be providing live updates as the royal wedding day unfolds. Eugenie is the 28-year-old daughter of Prince Andrew and Sarah Ferguson , and ninth in line for the throne.
Influenza ("flu") is a contagious disease that spreads around the United States every year, usually between October and May. You can find out where to get your flu shot by visiting Public Health Sudbury and Districts' immunization page .
Northern Florida Hit Hard By Powerful Hurricane Michael
There has been only one storm with higher sustained wind speeds this far north in the Gulf of Mexico: Hurricane Camille in 1969. Patricia Mulligan said she survived Hurricane Andrew in 1992, only to encounter the wrath of another storm Wednesday.
Made by Google Pixel 3 XL launch
The Google Home Hub will support voice assistant, and it will also come with built-in support for YouTube and other Google apps. However, the main underline of the event will be the new Pixel 3 series which will comprise of Pixel 3 and Pixel 3 XL .
Alphabet to shut down Google
Sign in to your account at http://plus.google.com/downgrade and follow the instructions to delete your Google + profile. The Alphabet-owned company also said Monday it would curtail developer access to user data on Android phones and Gmail.