Nigerian equities had lost N135 billion on Monday.
Fourth-quarter earnings in the S&P 500 are expected to grow 14 per cent, according to Thomson Reuters estimates.
What is the outlook for markets? .
The S&P 500 remains up 26 percent since his election, and on Tuesday clawed back into positive territory for 2018, up 0.8 percent.
Reasons for the erratic trading are unclear to analysts and investors but some have said possible causes could be worries about rising bond yields and higher inflation coupled with elevated valuations, algorithmic trading, and a complacent investor base.
The U.S. dollar weakened against the Japanese yen early Tuesday, trading at 108.61 yen, down from 109.12 on Monday. The Rule of 20 states that stocks are fairly valued when the forward price-to-earnings multiple plus the inflation rate equals 20. Monday's decline was a paltry 4.6% by comparison. These were reinforced by Friday's January U.S.jobs report that prompted worries the Federal Reserve will raise rates at a faster pace than expected this year. Specifically, the blue-chip barometer fell 1,842 points since Thursday's close, down 7.03%. "We have a new and untested Fed Chair". For the longest time, people had been shorting volatility. "Sometimes the market does get disconnected from economic reality to the upside and it needs to get in line", said Jack Ablin, chief investment officer at Harris Bank. And each time, the index, which is the benchmark most professionals and many index funds use, had been meaningfully higher six months later, Calvasina noted. Shares in London plunged for a sixth day and by the largest amount since the Brexit vote.
Overall global demand for gold jewelry weighed in at 2,135.5 tonnes (up from 2,053.6 tonnes in 2016), helped along by improved offtake in India (up 12 per cent to 562.7 tonnes) and China (at 646.9 tonnes and a gain of 3 per cent), based on estimates by the World Gold Council (WGC).
If the stock market does indeed bounce back, though, many market-watchers expect returns to be more muted than in prior years because prices have already climbed so high.
The most immediate reason is a fear of inflation.
Biggest one day percentage gain - March 15, 1933, the Dow closes up 15.34%.
So this was a more or less predictable response to material changes in the economy?
But more closed systems, such as China, are often less heavily affected. It lost 3.4 per cent.
How worried should you be? Perhaps it lulled you into saving more, and investing more. Some also question the possible role of computer-driven algorithmic trading in the precipitous declines or even the ramifications of the rise and fall in the value of virtual currencies, notably bitcoin.
The U.S. and other major economies are growing healthily at the moment.
"We think this is an interruption [of the bull market] rather than the start of a bear market", said Craig Callahan, founder of ICON Advisers.
What is a stock market correction?
The benchmark for U.S. share volatility went through wild gyrations after hitting a two-year high.
"As long as recession is unlikely in the U.S. and globally, it's likely to just be a correction", said Shane Oliver, head of investment strategy at money manager AMP Capital. Some economists and market analysts don't foresee that happening, noting that the economy is generally strong and corporate profits are rising.
"We have historically low unemployment and we actually have increasing wages for American workers", Sanders said. Fundamentally, the number that we got with the 2.9 percent wage increase is good news.