The biggest driver for the market over the last week has been interest rates, which began spurting higher following several encouraging reports on the economy.
The S&P 500 index sank 94.66 points, or 3.3 percent, to 2,785.68.
But Hogan said earnings were also a source of worry because they could showcase the consequences of Trump's trade wars for United States companies, from raising costs of raw materials to forcing enterprises to change supply chains.
Shares in Facebook, Amazon, Apple, Netflix and Google's parent company Alphabet - the so-called "FAANG" stocks that have driven USA markets to all-time highs recently - all fell in NY trading.
Gina Martin Adams, the chief equity strategist for Bloomberg Intelligence, said investors are concerned about the big increase in yields, which makes it more expensive to borrow money.
The declines - which brought the major indices to their lowest levels in months - came as US President Donald Trump repeatedly castigated the Federal Reserve for lifting interest rates, sparking worry that the US central bank's independence from politics could be compromised. "They're so tight. I think the Fed has gone insane", he told reporters while traveling in Pennsylvania on Wednesday.
The Nasdaq composite, with a large contingent of tech stocks, tumbled 315.97 points, or 4.1 percent, to 7,422.05.
Bank shares were boosted as yields rose, with Citigroup and Bank of America seeing gains of 0.4 percent and 0.3 percent, respectively. That will raise the cost of corporate borrowing and could drag on economic growth.
The Dow Jones Industrial Average fell 545 points after dropping 831 points Wednesday. The yield on the benchmark 10-year note dropped to 3.13 percent.
That all played into a market that is increasingly anxious about global growth after warnings from the International Monetary Fund this week and a rise in Treasury yields to a more than 7-year high above 3 percent that signals a tightening of available capital globally.
Amazon's stock plunged 6.1 percent while Apple's stock shed 4.6 percent in a late-day sell-off. Technology companies and retailers, including longtime market favorites Apple, Alphabet and Amazon, continue to slide.
Earnings season kicks off with reports from JPMorgan Chase, Citigroup and Wells Fargo. Delta Air Lines shares rose 3.8 percent after the airline beat profit expectations. France's CAC 40 and the British FTSE 100 both dropped 1.9 percent and the DAX in Germany lost 1.5 percent. And there is still an overhang from the USA trade dispute with China, which accounts for sizeable portions of some tech companies' revenue. Those stocks have made huge gains for years, but they're now out of favor.
The rates rose Wednesday after the government released data showing the producer price index rose 0.2 percent in September and is up 2.8 percent on a year-over-year basis.
Wholesale gasoline lost 4.3 percent to $1.93 a gallon.
The dollar slipped to 112.17 Japanese yen from 112.27 yen late Wednesday.
Since his disappearance , many have sought to discover what happened to Khashoggi. "There are other things we could do", he said . She accused Saudi Arabia of "state terrorism" and called on the worldwide community to take action against the kingdom.
As of the 4pm CDT advisory Monday evening, Michael was a category 1 hurricane with maximum sustained winds of 80 miles per hour . Landfall is expected Wednesday on the northeastern Gulf Coast, where authorities warned of a potentially devastating strike.
She said Ms Dutta too has been asked to appear before the commission to provide it more information on her complaint. She said that Patekar, 67, was inappropriate during a song sequence for the 2008 move " Horn OK Pleassss ".
The father of a child with AFM, 7-year-old Quinton Hill from Lakeville, Minnesota, spoke with USA Today about his son's condition. Health officials are collecting information about the cases from health providers and are in contact with the CDC , the MDH said.
Aaron Ramsey , Alexander Lacazette and Emerick Aubameyang scored for Arsenal while Ander Schurrle got the only goal for Fulham . The two substitutions saw Arsenal shift gears, with Ramsey adding a third moments after entering following Aubameyang's assist.
Interpol has downplayed the concerns, saying the president has little influence over the organisation's day-to-day operations. Meng likely dealt extensively with former security chief Zhou Yongkang, who is now serving a life sentence for corruption.
In October 2017, Daphne Caruana Galizia was killed by a auto bomb while investigating corruption among Malta's ruling elite. Viktoria Marinova , 30, was discovered in a park in Ruse, a town near the River Danube, on Saturday, Oct. 6.
The story took a turn for the worse when it became apparent that the team wasn't as strong as they once used to be. However, he only gave flashes of his quality in his first two seasons which clearly wasn't enough.
Gaga chomps into the role of emerging singer-songwriter Ally with the ravenous passion of a performer out to prove doubters wrong. So, go see " A Star Is Born " and stream " Shallow " and the rest of the soundtrack! We already know that Gaga can sing.
I believe that the systemic racism we still see in this country towards people of color is terrifying, sickening and prevalent'. This was not only the group's first American Music Award nomination, but it is also now their first award from this show.
Backup quarterback Cole Kelley threw the second touchdown, faking the run before pulling up and firing a 3-yard pass to O'Grady. Alabama is also with freshman defensive back Jalyn Armour-Davis, who suffered a season-ending knee injury last month.
USA increases pressure on Saudis over writer's disappearance
The Post quoted a Turkish official as saying authorities suspect a 15-member team killed the journalist at the consulate. The intelligence was allegedly gleaned from US intercepts of Saudi officials and interviews with Khashoggi's friends.
Holt becomes first player to hit for cycle in playoffs
A night after three of his calls at first base were reversed on video reviews, Angel Hernandez called balls and strikes. David Price suffered the loss as he surrendered three earned runs on three hits with two strikeouts over 1 2/3 innings.
Ruby Rose as Batwoman
In a city desperate for a savior, Kate must overcome her own demons before embracing the call to be Gotham's symbol of hope. Rose was announced as the new Batwoman in August to both celebration and some social media backlash.
Facebook Launches Portal Smart Display
Portal connects calls through Facebook's Messenger app, meaning that it can connect calls with people who aren't using Portal . Facebook partnered with Spotify Premium , Pandora , iHeartRadio , Food Network , and Newsy - and it promised to add more soon.
Wedding limousine crash leaves 20 dead in New York State
The tragedy in upstate NY is America's worst transportation crash in nearly a decade , according to federal authorities. The supersized limo, it has since been learnt, failed a safety inspection and the driver wasn't properly licensed.