Stocks open broadly lower on Wall Street, led by Big Tech

The benchmark index was off 1.4% in the first few minutes of trading Wednesday. Big Tech stocks posted some of the biggest declines, with the exception of Microsoft, which reported impressive quarterly results late Tuesday. European markets were down even more, and Asian markets finished mixed overnight. Treasury yields were little changed.

Markets have meandered since last week as investors weighed solid corporate earnings results against renewed worries that troubles with COVID-19 vaccine rollouts and the spread of new variants of coronavirus might delay a recovery from the pandemic. The reality that President Joe Biden's $1.9 billion stimulus package won't be "rubber stamped" by the U.S. Senate is also weighing on sentiment, Jeffrey Halley of Oanda said in a report.

Tokyo's Nikkei 225 index added 0.3% to 28,635.21, while the Hang Seng in Hong Kong slipped 0.3% to 29,297.53. The Kospi in South Korea sank 0.6% to 3,122.56, while the Shanghai Composite index edged 0.1% higher to 3,573.34. In Australia, the S&P/ASX 200 lost 0.7% to 6,780.60.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks mixed after lacklustre day on Wall StreetAsian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower.
Source: CTVNews - 🏆 1. / 99 Read more »

Global stocks follow Wall Street higher after U.S Federal Reserve pledgeGlobal stock markets followed Wall Street higher Thursday after the Federal Reserve chairman said the U.S. central bank is in no hurry to withdraw support for the economy.
Source: CTVNews - 🏆 1. / 99 Read more »

Stocks on Wall Street open higher after 3 days of lossesStocks moved slightly higher in early trading Friday, recovering some ground after three straight days of losses. Investors remain focused on the future of the COVID-stricken economy and the potential for more stimulus to fix it.
Source: CTVNews - 🏆 1. / 99 Read more »

Asian stocks follow Wall Street higher after tech rallyAsian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies.
Source: CTVNews - 🏆 1. / 99 Read more »

Asian stocks higher after Wall Street rises to new recordAsian stocks were mostly higher Tuesday after Wall Street rose to a new record. Thanks to Biden, your welcome Dumpies 🙏 hahahahahhaa
Source: CTVNews - 🏆 1. / 99 Read more »