Despite a post-Fed rally a day earlier, the ongoing market sell-off continued with a vengeance on Thursday.
The stock market moved sharply lower on Thursday, reversing most of its gains from the previous session when the Federal Reserve raised interest rates by a half-percentage point, as volatility remains elevated and investors continue to worry about risks to economic growth.... [+]Stocks plunged: The Dow Jones Industrial Average was down 2.6%, nearly 900 points, while the S&P 500 lost roughly 3% and the tech-heavy Nasdaq Composite over 4%.
Several e-commerce companies saw shares fall after disappointing first quarter earnings on Thursday, weighing on market sentiment: eBay lost nearly 9%, Etsy 14% and Shopify 17%. Shares of Big Tech companies were also moving sharply lower, with Amazon and Facebook-parent Meta both falling over 6%, while Microsoft lost over 4%.
Government bond yields were on the rise amid the heightened uncertainty, with the 10-year Treasury note once again trading above 3%—its highest level since 2018.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; May Fed Meeting PreviewRates markets are fully pricing in a 50-bps rate hike by the Federal Reserve on Wed. We’ll discuss how markets may react to the rate decision starting at 13:45 EDT/17:45 GMT on Wednesday.
Les mer »
Australia stocks set for higher start as investors look ahead to Fed rate decisionThe U.S. Federal Reserve is expected to raise interest rates on Wednesday for the second time since 2018.
Les mer »
Stocks briefly extend rise, Treasury yields pull back after Fed statementU.S. stocks popped to session highs then pulled back to remain slightly higher Wednesday in a relatively subdued reaction after the Federal Reserve, as...
Les mer »
Australia Stocks Set for Muted Start After U.S. Fed Hikes Interest Rate as ExpectedThe U.S. Federal Reserve on Wednesday increased its benchmark interest rate by half a percentage point, in line with market expectations.
Les mer »
Stocks soar to biggest gain in 2 years after Fed downplays higher rate increaseThe Dow Jones Industrial Average jumped 932 points, or 2.8%, to close at 34,061. The S&P 500 gained almost 3%, while the tech-heavy Nasdaq jumped 3.2%. The S&P saw its best daily performance since May 2020, according to FactSet.
Les mer »
Asian stocks rise after Fed chair downplays bigger rate hikeAsian stock markets have followed Wall Street higher after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades
Les mer »