Stock Market Today: Tech Stocks Slide, Moderna Falls, Delta Climbs - Digitren Indonesia
Beranda » Travel News » Stock Market Today: Tech Stocks Slide, Moderna Falls, Delta Climbs

[

Shares took nosedive Thursday after another fresh inflation reading. The main reason is that bond prices have declined, but the market is seeing them grow.

I was chewing on investors’ unemployment claims and the testimony of Lael Brenard, the federation’s governor and second-place finisher at Central Bank.

Tech-heavy


Nasdaq Composition

Decreased by 2.5% and S&P 500 Decreased by 1.4%. Of Dow Jones Industrial Average Decreased by 177 points or 0.5%. All three major indexes were in the green at the beginning of the day.

For the second time in six days, Dow Nasdak surpassed 2%. It is the first since March 2021.

“The market is suffering from food insecurity,” he said. Founder of Navellier and Associates.

Inflation and the demand for the federation have been a driving force in the market. Consumer-price index has been at an all-time high since 1982.

But on Thursday, when the government released the latest manufacturer-price index, that concern eased slightly. Inflation rose 0.2% in December and 0.4% below forecast, indicating that inflation may slow further. Manufacturer prices often guide consumer prices.

Unemployment still brings 9.7% year-over-year growth, the highest in index history. Manufacturers’ November inflation rate reversed to 0.7%, compared to 0.8% a month ago.

On the one hand, inflation is positive, because prices are modest, which means that the Federal Reserve is less likely to raise interest rates than currently expected.

John Lynch, chief investment officer at the US Treasury Department, said:

First, the bond market may be showing signs of slowing down as inflation picks up. The 2-year treasury output, which forecasts short-term price increases over the next two years, is down 0.89 percent. Ten-year treasury production fell to 1.7 percent.

On the other hand, it is clear that inflation is generally high. “Accidents [are] It will lead to strong inflation and rapid policy growth, ”wrote Citizen Group economist Andrew Hollenhorst.

So don’t be fooled by the fact that bond prices are on the rise. Many on Wall Street predict a 10-year yield of 2% or more, which will compensate investors for the long-term expected annual inflation.

As the 10-year production has been increasing slightly from its current level in recent days, the chances are increasing. Einnetet chief marketing officer Frank Capelli said the 2.1% target is still convincing.

So it is no surprise that technology stocks are on sale. Many technology companies have been speculating for years on the line to make big profits, so as long-term bond production increases, technology prices fall. Not surprisingly, Dou — with most “short-term” stocks — outnumbered Nasdaq.

For the second time in six days, Dow Nasdak surpassed 2%. It is the first since March 2021.

Lael Brenard, the next vice-president of the Central Bank, testified before the Senate Banking Committee on Thursday. According to Brenard on Wednesday, inflation is “extremely high” and low is a priority.

Federal officials recently showed signs to the Central Bank along the way In the past, interest rates increased rapidlyThis is the first time in March and March that the stock market has risen by three. A strong tone and strong U.S. economy ahead of the federation will increase bond productivity by early 2022 and put pressure on stocks.

Elsewhere, Thursday’s weekly Unemployment Insurance claim figures show further improvement in the U.S. labor market recovery. The initial unemployment claims were 230,000, slightly higher than the agreement and 207,000 a week ago. Meanwhile, claims have dropped from 1.75 million to 1.56 million. According to FactSet, economists forecast an average of 1.76 million subsequent claims.

Stock market investors will next have a fourth-quarter earnings season, which is as high as Friday morning


JPMorgan Chase
(Symbol: JPM)


Wells Fargo
(WFC) and


Citigroup
(C) All reports.

According to data obtained by Credit Swiss strategist Jonathan Golub, the Wall Street Agreement requires S&P 500 earnings more than 20.3% year-over-year in the fourth quarter. Rapid growth is expected to come from multi-cycle indexing sectors: energy, materials and industry.

Crypto currencies fell on Thursday, with Bitcoin falling 2.6% to just $ 42,000. Ethereum, the smallest, is down 2.9%.

Eight stocks are in vogue on Thursday

Chip team


Taiwan Semiconductor Manufacturing Company
TSM rose 5.6% after posting strong quarterly results. The world’s largest contract semiconductor manufacturer gained 16.4% net profit by 21.2%, with strong demand and strong supply.

Delta Airlines DAL earned 2.2% after reporting higher than expected earnings. The administration’s opinion on spring and summer travel needs was positive and positive.

KB Home Shares rose 17% after KBH surprised quarterly earnings estimates and 2022 policy analysts

Virgin galaxy (SPCE) Space Tourism has lost 19 percent after announcing plans to raise up to $ 500 million in high-volume notebook sales. It also reported early quarterly cash flows.

Snap (SNAP) Coin analysts’ stock has plummeted by 10.2% after taking a lower share of its holdings. He noted the value of the stock and the potential for further turmoil


Apple
(AAPL) Built into the iOS operating system.

Crypto Exchange Coinbase The Coin group, FEX, dropped its profits from trading on a flat after saying it would buy a spare part.

Modern MRNA has declined by 5.7% since the announcement of the vaccine in two- to five-year-olds, which will be reported in March.

Boeing BA increased by 2.9%. China may return 737 Max this month..

Write to Jack Denton at jack.denton@dowjones.com and Nicholas Jasinski at nicholas.jasinski@barrons.com

Sumber artikel : https://www.barrons.com/articles/stock-market-today-51642069887?refsec=cryptocurrencies

# Bagikan informasi ini kepada teman atau kerabat Anda

Kontak Kami

Apabila ada yang ditanyakan, silahkan hubungi kami melalui kontak di bawah ini.