[Archyde.com]–The US stock market plunged and ended. The Federal Reserve Board (FRB) decided to raise interest rates by 0.50 percentage points the day before, but there are concerns regarding a further significant rate hike from the view that it is not enough to curb inflation.
A wide range of stocks have been sold, and the three major indexes have all eliminated the rise on the previous day. The Nasdaq Composite closed at the lowest rate since November 2020, the sharpest decline since June 2020. The 30 Dow Jones Industrial Averages have also fallen sharply since October 2008.
High-tech stocks such as Alphabet, Apple, Microsoft, Meta Platforms, Tesla and Amazon.com were touted, down 4.3-8.3%.
However, selling was not limited to high-growth stocks, and the market was totally cheap.
“Investors aren’t looking at fundamentals (such as financial results), and what we’re seeing now is rather a sentiment issue,” said Megan Horneman, Chief Investment Officer of Badens Capital Advisors. Said.
FRB Chairman Jerome Powell said at the Federal Open Market Committee (FOMC) on the 4th that he would not “aggressively” consider raising interest rates by 0.75 percentage points, but the US short-term interest rate futures market on the 5th was 0 in June. It is now at a level that incorporates a 75% point rate hike by regarding 75%.
Of the 500 S & P constituents, only 19 closed in the plus zone, with Twitter up 2.6%. It turns out that Elon Musk has secured $ 7.14 billion from investors such as Oracle co-founder Larry Ellison and Sequoia Capital to fund the acquisition.
All 11 major S & P sectors have fallen, with consumer goods down 5.8%. Ebay, whose second-quarter sales forecast was lower than expected, plummeted 11.7%.
The Chicago Board Options Exchange (CBOE) Volatility Index (VIX), which indicates the degree of anxiety among equity investors, has risen to 31.20.
Markets will be interested in employment statistics released yesterday to get clues regarding the strength of the labor market and its impact on monetary policy.
The combined trading volume of the US exchange is 13.45 billion shares. The average of the last 20 business days is 12,010 million shares.
Closed price% compared to the previous day Open price High price Low price code
Dow Jones Industrial Average 32997.97 -1,063.09 -3.12 33854.17 33854.17 32685.10
Previous business day closing price 34061.06
Nasdaq Composite 12317.69 -647.17 -4.99 12787.52 12787.52 12183.56
Last business day closing price 12964.86
S&P 500 types 4146.87 -153.30 -3.56 4270.43 4270.43 4106.01
Previous business day closing price 4300.17
Dow Jones Transportation Average 15084.10 -449.28 -2.89
Dow Jones Utility Average 998.27 -13.03 -1.29
Philadelphia Semiconductor 3005.53 -158.26 -5.00
VIX Index 31.20 +5.78 +22.74
S&P general consumption goods 1245.49 -76.90 -5.81
S&P Materials 538.35 -17.29 -3.11
S&P Industries 812.62 -22.23 -2.66
S&P Major Consumer Goods 799.96 -15.45 -1.89
S&P Finance 581.15 -17.45 -2.91
S&P Real Estate 283.27 -7.36 -2.53
S & P Energy 612.77 -8.66 -1.39
S & P Healthcare 1516.14 -30.32 -1.96
S & P communication service 202.78 -8.64 -4.09
S&P Intelligence Technology 2481.20 -128.60 -4.93
S&P Public Goods 363.46 -3.94 -1.07
NYSE came out with 1.162 billion plants
Chicago Nikkei Futures June Contract Dollar Denominated 26755 –55 Osaka Compare
Chicago Nikkei Futures June Contract Yen-denominated 26735 –75 Osaka Ratio
