Economy

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

© Reuters.

Investing.com – 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 Amazon.com 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.

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Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

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