A correction was inevitable given the market is facing three clear near-term risks: weak first-quarter results, a worsening foreign exchange outlook, and the uncertainty about U.S. interest rates.

Jason Hwang

Related Quotes

Looking at it with a cool head, the Fed's comments are not that unexpected.

— Jason Hwang

CommentsCoolHead

Global markets have not been affected by the possibility of rising U.S. interest rates. Japan and the Nasdaq in the U.S. are gaining, so that's creating a positive flow.

— Jason Hwang

InterestPossibility

The biggest impact in today's trade is coming from the reduced worries about U.S. interest rates seen in U.S. markets yesterday.

— Jason Hwang

Oil prices could be a worry. We're not at the stage of a serious rise (in oil prices), so the impact is not so great yet, but the worry of more terrorist attacks is there.

— Jason Hwang

I think the Nasdaq is playing catch-up, because we have had a full blown correction in most of the major indexes, but the Nasdaq hung up there I think toward participating fully,

— Alan Hoffman