Nasdaq

Wall Street's blue-chip S&P 500 index slid 3.2 per cent and the tech-focused Nasdaq Composite dropped 4.3 per cent. Europe's regional Stoxx 600 index fell 2.9 ...

NEW YORK (Reuters) -- The S&P 500 ended below 4000 for the first time since March 2021 and the Nasdaq dropped more than 4% on Monday in a sell-of.

The Nasdaq closed at its lowest level since November 2020. The U.S. central bank last week hiked interest rates by 50 basis points. The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7, the S&P 500 lost 132.1 points, or 3.20%, to 3,991.24 and the Nasdaq composite dropped 521.41 points, or 4.29%, to 11,623.25. Apple shares dropped 3.3% and were the biggest weight on the Nasdaq and the S&P 500. The energy sector sector retreated 8.3% as oil prices dropped. NEW YORK (Reuters) -- The S&P 500 ended below 4,000 for the first time since March 2021 and the Nasdaq dropped more than 4% on Monday in a sell-off led by mega-cap growth shares as investors grew more concerned about rising interest rates.

The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears ...

"The market is focused on long-term interest rates. The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears that the global economy is headed for a slowdown. Declining issues outnumbered advancers for a 5.92-to-1 ratio on the NYSE and a 4.82-to-1 ratio on the Nasdaq. The first-quarter earnings season is in its final stretch, and of the 434 S&P 500 companies that have reported results as of Friday, 79% have topped analysts' estimates, according to Refinitiv. The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears that the global economy is headed for a slowdown The S&P index recorded one new 52-week high and 53 new lows, while the Nasdaq recorded seven new highs and 685 new lows. The S&P 500 growth index has dropped nearly 22.8% so far this year, compared to a 13.5% fall in the benchmark index . Technology-focused growth stocks have faced the brunt of the sell-off this year as their returns and valuations are discounted more deeply when yields rise. Investors will keep a close eye on the U.S. inflation data for April for clues on whether the price pressures are reaching a peak. The tech-heavy Nasdaq dropped 3.4%, while the benchmark S&P 500 index hit its lowest level in a year as megacap stocks Microsoft Corp, Amazon.com, Apple Inc, Google-owner Alphabet Inc, Meta Platforms and Tesla Inc fell between 2.3% and 3.2%. After a 50 basis points increase in interest rates this month by the U.S. central bank, many traders expect it to raise it by another 75 basis points at its June meeting. U.S. stocks slid on Monday as higher U.S. Treasury yields hit growth stocks amid prospects of aggressive monetary policy tightening, with investor sentiment taking a hit from fears of a sharp economic slowdown in China.

Stocks are slipping after a massive selloff last week. Bitcoin sunk below $31000 on Monday. Rivian's stock fell by more than 20%

Share your thoughts and experiences with USA TODAY for possible inclusion in future coverage. The yield on the 10-year Treasury has shot to its highest level since 2018 as inflation and expectations for Fed action rose. The Nasdaq composite’s loss of roughly 25% for 2022 so far is much sharper than that for other indexes. The risk is the Fed could cause a recession if it moves too far or too quickly. Many tech-oriented companies saw profits boom through the pandemic as people looked for new ways to work and entertain themselves while locked down at home. Companies overall are reporting bigger profits for the latest quarter than expected, as is usually the case. The central bank has already pulled its key short-term interest rate off its record low of zero, where it sat for nearly all the pandemic. Share your thoughts with USA TODAY on the form below or click here.) Tech earnings are also lagging, she said. Stocks fell across Europe and much of Asia, as did everything from old-economy crude oil to new-economy bitcoin. But discouraging signs for future growth have been plentiful. Share your thoughts with USA TODAY on the form below or click here.)

The tech-heavy benchmark sank 4% on Monday, extending its decline to 10% since the Federal Reserve raised interest rates half a percentage point last week and ...

Microsoft Corp.sank below US$2 trillion in market value on Monday for the first time since June 2021, with the stock now down 21% this year. The Nasdaq 100 is down 25% this year amid a jump in U.S. Treasury yields and mounting concerns that higher interest rates and soaring inflation could tip the U.S. economy into recession. Few tech companies have been spared in this year’s selloff. Broad stocks benchmark is in its worst three-day stretch since its March 20, 2020, pandemic low. Tech wasn’t alone in this slump. The tech-heavy benchmark sank 4% on Monday, extending its decline to 10% since the Federal Reserve raised interest rates half a percentage point last week and Chair Jerome Powell signaled the Fed would continue hiking at that pace.

U.S. stocks plummeted on Monday, extending the relentless sell-off of the previous five weeks, weighed down by recession fears and monetary policy angst.

No representation or warranty is given as to the accuracy or completeness of this information. Prices above are subject to our website terms and agreements. Prices above are subject to our website terms and agreements. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. In terms of forecasts, April CPI is expected to come in at 8.1% y/y from 8.5% in the previous month, while the core gauge is seen rising 6% y/y from 6.5% y/y previously. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed. This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. Although the likelihood of a near-term recession remains low due to a healthy labor market and strong consumer spending, the outlook is not static and could change with short notice. The Nasdaq 100 nosedived on Monday and set a new 2022 low after sliding below the March 2021’s trough near 12,210, an event with bearish implications for price action. On the flip side, if buyers return and the index manages to climb above the March 2021 low again, the first hurdle to consider appears at 12,645 and 13,000 thereafter. At the market close, the S&P 500 sank 3.2%, losing the psychological 4,000 level and ending the afternoon at 3,991, its lowest level since April 2021.

NEW YORK, May 9 (Xinhua) -- U.S. stocks fell noticeably on Monday as investors continued to dump risk assets.

The Nasdaq Composite Index decreased 521.41 points, or 4.29 percent, to 11,623.25. Consumer staples rose 0.05 percent, the lone gaining group. For the week ending Friday, the Dow fell 0.24 percent, while the S&P 500 and the tech-heavy Nasdaq declined 0.21 percent and 1.54 percent, respectively. Last week, the Fed hiked U.S. interest rates by 50 basis points, the largest move in over 20 years, and signaled that half-point rises remain on the table for the next couple of meetings. The Dow Jones Industrial Average dropped 653.67 points, or 1.99 percent, to 32,245.70. The S&P 500 lost 132.10 points, or 3.20 percent, to end at 3,991.24, marking the first time for the index to fall below the 4,000 threshold in more than a year. Ten of the 11 primary S&P 500 sectors ended in red, with energy and real estate down 8.3 percent and 4.62 percent, respectively, leading the laggards.