Adding to the gloomy mood, the German Ifo economic institute's business climate index fell for the fourth month in a row to its lowest level in more than two years and Japan's government revised down its economic growth forecasts.
For the past five decades, the last week of the year and first couple of trading sessions in January have been a healthy time for stocks, with indexes marking more than 1 percent gains.
Occasionally, however, no such rally materializes, and 2018 is shaping up to be one of those years, with analysts describing the market's December run as "Grinch-like".
Markets have been rattled throughout the year amid fears of rapid interest rate hikes.
"At this point, the market is pricing in a material slowdown next year as sentiment and positioning have reached levels not seen since the last recession scare in early 2016", the USA equity strategy team said.
The sharply lower close on Wall Street came amid lingering concerns about global economic growth as well as continued uncertainty about trade between the US and China.
European stocks are lower, with Germany's DAX slipping 0.35% and Britain's FTSE 100 down more than 0.7%.
Twitter Inc shares slid 6.8 percent after the social media company warned of suspicious traffic from China and Saudi Arabia and disclosed an issue that could have revealed the country code of its users' phone numbers.
Hospital operators and insurers that would stand to lose if the law is weakened or overturned took some of the biggest losses early Monday.
ENERGY: Oil prices bounced back slightly after plunging on worries about rising supplies and weakening global growth, which could weigh on demand. It lost $3.35 to $56.26 a barrel in London.
Gold is flat on the day, trading at 0.00% difference from its opening price.
"It would be problematic for the future announcements by the Fed".
Investors, however, are anxious that the Fed may signal numerous hikes in 2019, which many believe could stall U.S. economic growth.
An indication that the Fed would slow its pace of interest-rate hikes could calm markets, but the U.S. central bank's intentions remain unclear, said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.
Although this was the case, Rocco found a loving owner, Marion Wischnewski, a worker in the National Animal Welfare Trust . A parrot has become best friends with his owner's Amazon Alexa by using the device to order some of his favourite snacks.
A separate leak , courtesy tipster Ice Universe , of the protective film confirms the front of the Galaxy S10 Lite. The top end Samsung Galaxy S10 Plus will have all of 6.4 inches for display with an aspect ratio of 19:9.
Several children were reportedly among those hurt in the explosion, which hit in the city's Toyohira district. FORTY people have been injured in a massive blast at a Japanese restaurant in the city of Sapporo .
GOP lawmakers, about to lose the power of the gavel when they slip into the minority next year, had wanted one last crack at Mr. Comey , who they saw as the center of botched decisions at the Federal Bureau of Investigation not to investigate Mrs.
Kanye was still tweeting at the time of writing and Channel24 will not be reposting all of the tweets due to legal restrictions. It seems that he got a sample clearance request from Drake for " Say What's Real " which is of course over " Say You Will ".
Within the continental United States, the comet will be visible most of the night starting from dusk until early morning. Though it measures just three-fourths of a mile across, the Christmas comet will put on quite a show this time around.
White House spokesman Hogan Gidley was asked by reporters Friday if there were any "improprieties" with the inauguration funding. A later review of the inaugural expenses found no issue with his reimbursements, a person close to Gates said.
The court's final verdict on Thursday raises the possibility of Wickremesinghe being reinstated as prime minister . After sacking Wickremesinghe on Oct 26, Sirisena appointed his former rival, Mahinda Rajapaksa, as prime minister.
Everton manager Marco Silva has said that Gomes' future is out of the club's hands. The Spaniard has won just one of his four meetings with the Merseysiders.
Facebook shares drop as data privacy fallout spreads
The lawsuit seeks both monetary damages and a court order that would require Facebook to put in place stronger privacy controls. The social media giant is now facing a lawsuit filed by Washington DC Attorney General, Karl Racine.
India v Australia: Indian captain Virat Kohli's antics slammed
Possibly, the match defining stat came from Brydon Coverdale, which spoke volumes about the big difference between the two sides. Chasing 287, India had lost half the battle on the fourth afternoon when Virat Kohli was dismissed for 17 by Nathan Lyon.
Virgin Galactic headed into space for the first time
The VSS Unity suborbital spaceliner reached an altitude of approximately 51 miles above California's Mojave Desert this mornong. Sturckow, a former space shuttle pilot, will become the only person to be awarded astronaut wings from both NASA and the FAA.
Ben Smith to quit All Blacks after 2019 World Cup
Ireland head coach Joe Schmidt turned down the opportunity to become part of the All Blacks coaching team a year ago . Schmidt opted, instead, to sign a contract extension with the IRFU to take him up to the end of the 2019 World Cup.
Beijing eases back on 'Made in China 2025
Chicago Board of Trade (CBOT) soybeans traded higher on Wednesday morning amid continued optimism on trade talks with China. The office of the US Trade Representative, which is leading the discussions, did not respond to a BBC request for comment.