Stocks are tanking with the Dow down more than 1,000 points

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.

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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.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

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. So predictable! All your future is belong to Renewables There's no panic. VIX is 30.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

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. Jinxed Great as if we didn’t have enough headwinds holding us back. The Paradox of Investing - It is to be greedy when people are fearful and fearful when people are greedy.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »