TSX was down almost 500 points and the Nasdaq dropped 5 per cent at lunchtime Thursday.
The Nasdaq dropped 5 per cent and the S&P 500 looked set to erase all of its gains from the previous session after Google-parent Alphabet Inc, Apple Inc, Microsoft Corp , Meta Platforms, Tesla Inc and Amazon.com fell between 4.8 per cent and 7.3 per cent.
“It’s very much a public situation where everyone is seeing the pain of the Fed taking away the punchbowl play out on a daily basis.” At 12:08 p.m. ET, the Dow Jones Industrial Average was down 1,056.76 points, or 3.10 per cent, at 33,004.30, the S&P 500 was down 157.38 points, or 3.66 per cent, at 4,142.79, and the Nasdaq Composite was down 634.50 points, or 4.89 per cent, at 12,330.35. Canada’s TSX was down 449.95 points at 20,735.
All of the 11 major S&P sectors declined, with consumer discretionary and technology being the worst hit and slumping 5.5 per cent and 4.8 per cent, respectively.The focus now shifts to the U.S. Labor Department’s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dow Plunges 900 Points, Tech Shares Crater As Stocks Erase Gains From Post-Fed RallyDespite a post-Fed rally a day earlier, the ongoing market sell-off continued with a vengeance on Thursday.
Leer más »
Dow Jones Technical Analysis: Continuing Daily DeclineThe Dow Jones index has been trading at fluctuating levels for several weeks but continues its daily decline since late last April.
Leer más »
Dow ends over 900 points higher as Fed's Powell sparks relief rallyU.S. stocks closed sharply higher Wednesday, jumping as Federal Reserve Chair Jerome Powell delivered remarks following the conclusion of the Fed's two-day policy meeting. The DJIA ended around 932 points higher, or 2.8%.
Leer más »
As Dow sinks over 1,000 points, signs of panic-selling emerge in the stock marketPanic-like behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the Dow industrials shed all of the previous day’s gain, and then some.
Leer más »
Jim Cramer explains why owning stocks is 'worth the risk' right nowCNBC's Jim Cramer explained on Tuesday's episode of 'Mad Money' why investors shouldn't sell off all their stocks despite the current market turbulence.
Leer más »