The S&P 500 was down 0.5% as of 2:31 p.m. Eastern, while the Nasdaq composite was down 1.4%. Both indexes are coming off their third straight weekly loss. The Dow Jones Industrial Average rose 7 points, or less than 0.1%, to 33,212.Technology stocks, automakers and communication services companies accounted for a big share of the decliners in the S&P 500. Apple fell 1.5%, Ford slid 1.3% and Netflix was off 2.9%.
Energy stocks were the biggest gainers among S&P 500 companies as crude oil and natural gas prices headed higher. Hess rose 1.1%. Uncertainty about how far the Federal Reserve and other central banks would go to fight the highest inflation in decades has kept investors on edge. The Fed raised its key interest rate seven times this year and has signaled more hikes to come in 2023, even though the pace of price increases has been easing.
Elsewhere around the world, shares advanced Tuesday after China announced it would relax more of its pandemic restrictions despite widespread outbreaks of COVID-19 that are straining its medical systems and disrupting business.China’s National Health Commission said Monday that passengers arriving from abroad will no longer have to observe a quarantine, starting Jan. 8. They will still need a negative virus test within 48 hours of their departure and to wear masks on their flights.
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Wall Street dips as growth stocks drag on S&P 500, NasdaqWall Street was mostly lower at the beginning of a holiday- shortened week on Tuesday as investors weighed the likelihood of protracted restrictive Fed policy against China's relaxation of its strict zero-COVID rules. Mohammad_moradi,who was living and studying in Lyon,France,drowned himself in a river to stand with Iranian protesters and to raise awareness of all the torturers,murders and rapes IR is causing to Iranians. he said:“I'd rather die than live in disgrace“ please spread his words. Mohammad_moradi,who was living and studying in Lyon,France,drowned himself in a river to stand with Iranian protesters and to raise awareness of all the torturers,murders and rapes IR is causing to Iranians. he said:“I'd rather die than live in disgrace“ please spread his words. Mohammad_moradi,who was living and studying in Lyon,France,drowned himself in a river to stand with Iranian protesters and to raise awareness of all the torturers,murders and rapes IR is causing to Iranians. he said:“I'd rather die than live in disgrace“ please spread his words!
Source: Reuters - 🏆 2. / 97 Read more »
Stock Market Today: What to WatchStock futures are rising, after China said it would lift Covid quarantine requirements on international arrivals. Follow the latest markets updates. Islamic republic wants to get hostage the family of celebrities to silence them. Today IR regime force lands a commercial airliner carrying AliDaei (legendary soccer player)'s family en route to Dubai and took them out. MahsaAmini IranRevolution CNN FoxNews guardian hrw I made a lot of progress so far with Leticia_thomas7.I was lucky to find some recommendations about he's good works.and I was determined to give it a try, it wasn't long I started and I have recovered 100% of what I lost to those scammers. thank you once again Leticia_thomas7
Source: WSJ - 🏆 98. / 63 Read more »