NEW YORK -U.S. stocks tumbled on Tuesday as concerns about the cost of infrastructure spending and potential tax hikes to pay for President Joe Biden’s $1.9 trillion relief bill weighed on investors who also fear further downside in the market.
“There’s a little bit of concern of getting out ahead of a potential selloff that could be on the horizon,” Meckler said. “Any feeling that it could be on the horizon is causing people to pull the trigger pretty quick on these down moves.” Falling yields on 10-year U.S. Treasury notes from a 14-month highs last week have deflated this year’s outperformance in the financial and energy sectors.
The benchmark S&P 500 and the blue-chip Dow have rallied about 80% from their pandemic lows of a year ago, while the tech-heavy Nasdaq more than doubled in value. Volume on U.S. exchanges was 12.10 billion shares, compared with the 14.04 billion average for the full session over the last 20 trading days.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I expect capitalists to fare better than ordinary people. Yes filthy rich benefit from infrastructure spending. They will as usual deliver lousy product & pocket most of the loot. Even after taxes. Politicians always fake their love for poor that is how they get elected again.
Uh-oh, the poors are getting stuff...
Billionaires make vast sums of money everytime there is a crisis while everyone else loses money. Time to tip the scales of the economy.
Lol rich people don’t want to pay a dime for roads. Nothing new here.
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.
Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fearsU.S. stock benchmarks opened solidly lower Tuesday, with inflation worries seen keeping pressure on previously highflying tech stocks. The Dow Jones... In light of the speculative euphoria investors have enjoyed since the start of the year, a selloff isn't a surprising event. lawsuits are a joke shorts are over-leveraged if we move the spread they blow up who wants poultry let's devour these vultures $SQBG target 🎯500
Source: MarketWatch - 🏆 3. / 97 Read more »
Japan stocks set to dip as investors watch tech stocks following Wall Street sell-offThe tech-heavy Nasdaq Composite fell about 2% overnight on Wall Street. Sux Awesome Please donate, share or retweet, help baby Joshua win his fight against acute lymphocytic leukemia (ALL)—blood cancer. He’s relying on the success of chemotherapy & a life-saving stem cell transplant. Please help to give Joshua a fighting chance:
Source: CNBC - 🏆 12. / 72 Read more »
European stocks rise as rebound continues, while mining stocks react to fall in commodity pricesEuropean equities rose on Friday, as the rebound continues from a selloff caused by inflation fears, with mining stocks being the major drag on stock-market... Do you think this is what people really need right now? .markets .markets Ushiba $Ushiba WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
Source: MarketWatch - 🏆 3. / 97 Read more »
European stocks and U.S. equity futures mixed after records, with commodity stocks in the leadThe week was kicking off with gains for the Stoxx Europe 600, which was aiming at a fresh record, though slightly more cautious. U.S. futures were mixed,...
Source: MarketWatch - 🏆 3. / 97 Read more »
Archegos-linked stocks slide as markets eye more unwindingArchegos Capital Management’s ill-fated bets weighed on ViacomCBS, Discovery Inc and other media stocks on Monday, and at least one analyst said it remained unclear when banks exposed to the troubled family office would be done selling off their positions in the shares. Kids need to learn wisdom in schools daily just like math and reading.The more poverty and crime, the more kids need wisdom. Grades 5-12 free Wisdom is a few minutes daily for 1or2 Tips kids learn for life and equality. Wisdom elevates lives. 8? That’s unlucky number.
Source: Reuters - 🏆 2. / 97 Read more »