Closing trade on sharp declines on Wall Street: Nasdaq plunged more than 2%

Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations

23:00

A trading day that began with price rises on Wall Street closed with sharp declines, as the Nasdaq fell more than 2%, the S&P 500 lost close to 1.5% of its value and the Dow Jones fell 1.05%.

At the center of investors’ concerns: Fed Chairman Jerome Powell announced earlier that there is a realistic possibility of raising the US interest rate by 0.5% as early as next May.

Looking at the stock, Tesla, which last night released stronger-than-expected reports at the close of trading, rose 3.32% after climbing more than 9% at the start of the trading day.

United Airlines jumped 9.3% after the airline announced last night at the close of trading that it will return to profitability for the first time since the outbreak of the Corona plague in 2022, pulling up the rest of the airline shares, American rose 3.8%, Delta 2.73% and South West at 2.21%.

Shares of AT&T climbed more than 4%, Verizon and IBM rose 1.1% on average and Kraft Heinz advanced 1.5%.

On the downside of the indices, Match shares mimicked 8.2%, Anvidia plunged more than 6%, PayPal fell 5.8%, Salesforce 4.8%, Chevron 4.6% and Disney 2.33%.

Shares of Microsoft and Goldman Sachs lost nearly 2% of their value and Intel fell 1.26%.

22:04

Less than an hour to close trading on Wall Street and major indices continue to fall. NASDAQ dives more than 2%, S&P 500 drops 1.37% and Dow Jones loses 0.88% of its value.

Tesla shares are up just 2.46% at this time.

Rises in aviation stocks are also weakening, United rising 8.8% at the moment, American adding about 4% and Delta advancing 2.66%.

On the downside of the indices, Anvidia is deleting about 6%, Match about 8.3%, Chevron and Salesforce are down 4.5% on average, Disney is down 2.3% and Microsoft 1.5%. The decline in Netflix shares shrank to only 1.7%.

21:12

Trading on Wall Street continues to be negative, NASDAQ is down 1.37%, S&P 500 is down 0.86% and Dow Jones is down 0.44%.

Aviation shares continue to rise, led by United, which continues to climb, by 11% at this time. American is up 5.25%, Delta is up 4% and Southwest is up 3.38%.

The rise in Tesla shares has weakened and it is up 4.58%.

Netflix is ​​down 4.8%, Chevron is losing 3.8% and Salesforce is down 3.6%.

20:28

Federal Reserve Chairman Jerome Paul said in an official statement at an IMF panel that the central bank’s main goal is to lower the inflation rate and that aggressive interest rate hikes are definitely on the table for next month.

Powell said that “I think it’s appropriate to move at a higher speed to raise interest rates. Saying so, raising interest rates by 50 basis points will be on the table for the Federal Reserve meeting in May.”

At its last Fed meeting in March, the central bank approved a 25 basis point rise in interest rates, but bank executives say in recent days that they see a necessary need to increase the pace because the annual inflation rate jumps to 8.5% in the US.

“Our goal is to use our tools and restore the balance between supply and demand so that the rate of infection weakens and this is done without leading to a recession,” Powell told the panel. The best to achieve our goal – to restore price stability. ” Powell stressed that “the economy does not work without price stability.”

20:02

Wall Street indices are moving in a negative direction: the Dow Jones is down 0.05%, the S&P 500 is losing 0.44% of its value and the Nasdaq is down 0.75%.

The rise in Tesla shares has weakened significantly and is rising by only 5.8% at this time.

The decline in Netflix stock has also weakened and it is shedding only 3.8%. Other notable declines are Salesforce, which is down 2.55%, and Chevron, which is down 2.7%.

Shares of the airlines are still up, United is up 10.8%, American is up 4.5%, Delta is up 4.1%, Southwest is up 3.35%.

19:22

The chairman and president of the Chicago Federal Reserve, Charles Evans, has announced that he will retire in early 2023. In an official statement, outgoing President Evans said: “It has been a great honor to serve you for 14 years as chairman and president.”

19:17

Realizations are increasing on Wall Street and the S&P 500 is also moving down and dropping 0.11%. NASDAQ continues to decline, by 0.4%, while the Dow Jones is advancing by only 0.1%.

19:08

Trading in European markets for Thursday closed in a positive trend as the pan-European Stokes 600 index rose 0.4%. Kak in France rose by 1.36%, Dax in Germany advanced by 1% and the British Potsey remained balanced.

Looking at the stock, Finnish mining company Metsu AutoTech soared more than 11% after reporting a significant increase in project orders for the first quarter of 2022. The share of Dutch paint company Azconoble rose about 7% following the publication of its results for the first quarter of the year as well. On the downside, the Swedish investment company Kinbik reported a decline in the value of its assets and its stock fell by almost 10%.

19:03

Rises on Wall Street have weakened to the point of reversing a trend: NASDAQ is down below zero by 0.25%, Dow Jones is down about 0.21% and S&P 500 is up just 0.05%.

Shares of Tesla continue to rise, by 6.76% at this time. United Airlines is still up 12.26%, Delta is up 5.85%, American is up 5.4% and Southwest is up 4.3%.

Netflix is ​​down 4.25% at this time and its market value has fallen below $ 100 billion.

Apple is up 1.76% and IBM is up 2.2%.

On the downside of the indices, Salesforce is down 2.3%, Chevron is down 1.55% and Disney is down 1.14%. PayPal erases 4.5%, Match drops 6.5%.

18:03

The price increases in the Wall Street indices have weakened significantly: the Dow Jones is up 0.6%, the S&P 500 is up 0.63% and the NASDAQ is up 0.56%.

Rises in Tesla shares have also weakened and it is climbing 8.2% at this time.

The declines in Netflix shares, on the other hand, are deepening and are down 5.24%.

Aviation shares continue to rise, led by United, which jumped 11.5%, American rose 6.18%, Delta 5.17% and Southwest 4.9%.

Apple is up about 2%, so is IBM, Intel adds as a percentage.

17:19

Wall Street price gains have moderated slightly, with the Nasdaq rising by 1%, the S&P 500 adding 0.94% to its value and Dow Jones advancing by 0.83%.

Shares of Tesla soared to the top of the Nasdaq with a rise of 9.15%.

After opening trading with only slight declines, Netflix stock is already down 3.9%.

United Airlines climbs 11.7% after the company last night released its results for the first quarter of 2022 with a forecast for a profit shift this year, for the first time since the outbreak of the corona plague. The share of American Airlines also rises by 7.6% and Delta adds about 5.5% to its value.

Tech stocks are up slightly: Apple is up 1.68%, booking is up 2.17%, IBM is up 1.6% and Microsoft is up 1.5%.

16:31

Positive opening on Wall Street, Dow is up 0.8%, Nasdaq is up 1.43% and S&P 500 is adding 1% to its value.

Tesla shares soared 9.65% after releasing strong reports for the first quarter of last year after closing trading.

Netflix stock, which last night mimicked over $ 55 billion from its market value, shed only about 0.16% of the campaign at the opening of trading.

14:10

Europe moved up: the CAC jumped 1.8 percent, the DAX up 1.5 percent, and the Potsy – which started trading down – moved to moderate gains of 0.16 percent.

Wall Street futures are also green, with the Nasdaq up 1 percent (after falling 1.2 percent last night), the Dow Jones up 0.6 percent, and the S&P 500 up 0.7 percent.

12:00

While the British Post traded steady (down 0.4%), the DAX traded up 1%, and the CAC 1.3%. Shares of Carpo, down 3.39%.

Hong Kong stock exchanges closed down 1.25%.

The EU released inflation data for March, which stood at 2.4% – 0.1% below forecasts. The main jump was in energy prices, which rose by 44% compared to last year. Overall, inflation rose by 7.4% from a year ago.

10:10

Mixed opening in Europe: The DAX is up 0.26%, the Kak is up 0.48%, while the Potsy is down 0.27%.

The Nikkei closed up 1.23%, while the Chinese stock markets closed down 2.3% (Shanghai Index) and 2.8% (Shenzhen Index).

07:40

Asian stock markets are trading in a mixed trend: while the Nikkei is up 1.1%, the Shanghai and Shenzhen indices are down 1.6% and 1.89%, and in Hong Kong the stock markets are down 1.5%.

Crypto exchanges are stable at the moment: Bitcoin is trading around $ 41,000 and Etherium is around $ 3,000.

Today at 12:00 (Israel time) EU inflation data will be published. According to forecasts, the consumer price index rose by 2.5% in March (and the core index, excluding food and fuel prices, by 1.2%). The market estimates that the annual rate of inflation is expected to be 7.5% (and only 3% after deducting food and energy prices). In addition, unemployment data in the US will also be published today.

Last night, trading on Wall Street closed in a mixed trend, with sharp declines in technology stocks overshadowing the NASDAQ index, which lost 1.2%. The S&P 500 closed down less than 0.1% and the Dow Jones climbed 0.7%. Netflix crashed 35% And mimics more than $ 55 billion of its market value.

Early Wall Street contracts are currently trading at a slight increase of 0.3% to 0.6%.

By Editor

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