Business & Investment

The S & P 500 Index fell 2.6%. How about the Dow?

US stocks continued to trade in the red on Thursday after disappointing earnings data from the Big Tech giant was released. Investors are afraid that stocks are overvalued. In response to negative sentiment, the US dollar rose to its highest level since September and Treasury yields fell.

Tesla Inc. And Facebook Inc. Both plummeted after reporting results, along with ETFs that track major stock gauges. In addition, the S & P 500 Index recorded the worst cash session since October, with gauges plummeting 2.6% after the Federal Reserve Board deferred key interest rates on Wednesday. Government agencies have not promised any further assistance to the economy.

Extensive selling in the market has lowered all 11 groups of benchmark stock gauges.

The turmoil has also affected retailers, which are becoming the dominant force in the market. AMC Entertainment Holdings Inc. And GameStop Corp. Stocks are rising, and analysts have questioned whether there is a reason behind the move.

Meanwhile, the European Union and AstraZeneca Plc discussed delays in vaccine delivery, causing the Stocks Europe 600 Index to plummet most in five weeks. European Central Bank officials said the euro fell as the market underestimated the odds of rate cuts. British officials have also declared new rules to stop the spread of the coronavirus, but Germany has lowered its 2021 economic growth forecast from 4.4% to 3%.

Overall, Thursday’s S & P 500 index fell 2.6%, while the Stocks Europe 600 index fell 1.2%. The MSCI Asia Pacific Index fell 0.8% and the MSCI Emerging Markets Index fell 1.3%.

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Investors are studying a series of revenue releases to get clues about the global situation of the enterprise. Meanwhile, the higher extended execution of stocks has reversed this week. According to Federal Reserve Board Chair Jerome Powell, the US economy was far from a full recovery.

What do stock market analysts think?

Seema Shah, chief strategist at Principal Global Investors, said it was always suspicious that the agency would announce new actions this month. After weeks of Fed officials pushing back the story of monetary tightening, it was expected to hear Powell reassert the message that this year’s agenda is not tapering.

In addition, speculation that hedge funds will be forced to reduce their holdings is driving stock sales. Matt Maley, Chief Market Strategist at Miller Tabak + Co, said individual investors are working together to strengthen the stocks bet by professional investors.

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The S & P 500 Index fell 2.6%. How about the Dow? The S & P 500 Index fell 2.6%. How about the Dow?

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