Major US stock indexes fell more than 1% each amid renewed fears over the financial system and as investors tried to gauge how much longer the Federal Reserve may need to hike interest rates
After the closing bell, shares of Starbucks
fell 2% following the release of its quarterly results. The stock ended the regular session down 0.1%.discussions on recent quarterly conferenceWith first-quarter reports over halfway through, analysts see aggregate earnings for S&P 500 companies declining 1.4% year over year, according to IBES data from Refinitiv Tuesday. Before companies began to report at the start of April, Wall Street had been bracing for a 5.1% drop.
Volume on U.S. exchanges was 12.33 billion shares, compared with the 10.44 billion average for the full session over the last 20 trading days. Declining issues outnumbered advancers on the NYSE by a 3.55-to-1 ratio; on Nasdaq, a 2.46-to-1 ratio favored decliners. The S&P 500 posted 17 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 46 new highs and 407 new lows.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Indexes fall 1% as regional banks tumble, investors fret before Fed By Reuters*GLOBAL STOCKS DECLINE AS U.S. REGIONAL BANKS TUMBLE, INVESTORS FRET BEFORE FED
Les mer »
Forex Today: RBA Makes Surprise 0.25% Rate HikeToday's Forex news: The Reserve Bank of Australia unexpectedly raised its Cash Rate by 0.25% citing persistently high inflation
Les mer »
What 20 years of equal-weighted indexes that try and improve on the S&P 500 showEqual-weighted indexes have a distinct tilt toward value, and small- to midcap stocks. There are times when they've outperformed, and times they haven't.
Les mer »
Investors bet on Fed raising interest rates after First Republic failureThe collapse of First Republic means that three of the four largest bank collapses occurred in 2023.
Les mer »
Most Gulf markets fall as Fed seen hiking ratesMost major stock markets in the Gulf fell in early trade on Monday, dragged lower by expectations the Federal Reserve will increase interest rates, although the Qatari index bucked the trend.
Les mer »
Fed Set to Raise Interest Rates to 16-Year High and Debate a PauseFed officials are on track to increase interest rates again at their meeting this week while deliberating whether that will be enough to then pause the fastest rate-raising cycle in 40 years
Les mer »