Selling from Wall Street to Asia. Nasdaq up 5%, followed by EU futures

© Reuters. – Another day of panic selling in New York on Wednesday. Crumbling more than 1,100 points (-3.6%), the S&P 500 has scored session p since June 2020 (-4%), while losing 5.1% with Tnote in ten years with less than 2,9% return.

No one was rescued from sales orders, which were triggered with a quarterly quarter well below expectations. Goal NYSE down more than 24% after reporting Quarterly earnings Well below expectations, especially among retailers Walmart Inc (NYSE: Costco Wholesale (NASDAQ :)) and Dollar Tree (NASDAQ :)).

Big tech companies also fell sharply (see Inc (NASDAQ: and Apple Inc (NASDAQ :)), after Federal Reserve Chairman Powell said Tuesday that the central bank will “continue to push” interest rates until inflation subsides, It expects a 50 basis point rise in the next two meetings.

The selling also extended to the Asian stock exchanges, with a decrease of 2.4%, a decrease of 1.8% and -1.9%. The Chinese listings were slightly positive: Shanghai +0.3% and +0.1%.

Strong declines are also expected in Europe. Futures are pointing down 182 points for, -140 points for, -80 points for the CAC, -42 points for the British and a drop of 34 points for the whole of Europe.

West Texas Intermediate crude prices rose to $107.9 a barrel and $110.5, while trying to return to the 1.05 level. Sales are still going, and most of the crypto space.

Do not miss the main dates of the day with the macro calendar.

Thelma Binder

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