DOW JONES LOSES 800 POINTS AMID CONCERN OVER RATE HIKES

STOCK MARKETS SWOON AS REALITY OF RISING RATES SETS IN

ZECHNER SAYS AFTER BOOMING FOR SO LONG, STOCK MARKETS TEND NOT TO RISE FOREVER AND MARKETS HISTORICALLY CORRECT BEFORE THE BROADER ECONOMY DOES.

Zechner says after booming for so long, stock markets tend not to rise forever and markets historically correct before the broader economy does.
The Toronto Stock Exchange closed down 336 points, or more than two per cent, on Wednesday, the fourth day in a row that the benchmark Canadian stock index was lower.
A lot of that was because of the so-called FAANG stocks -- technology names such as Facebook, Amazon, Apple, Netflix and Google -- flying into turbulence on Wednesday.

The TSX and Dow Jones were sharply lower on Wednesday as fears of higher interest rates to come took the wind out of the sails that have powered stock market returns for years. The Toronto Stock Exchange closed down 336...

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