Nasdaq

The Nasdaq gives up 4.3 percent and the S&P 500 sinks to a new low for 2022 amid a gamut of economic tensions.

(Amazon founder Jeff Bezos owns The Washington Post.) Facebook, meanwhile, is down 40 percent and has instituted a hiring freeze, which is viewed as a type of layoff in Silicon Valley. West Texas Intermediate crude, the U.S. benchmark, fell 6.8 percent to trade around $102.30 per barrel. If the economy cools too quickly, it could fall into a recession, which is generally defined as two consecutive quarters of decline. Amazon tumbled 5 percent Monday and is down more than 35 percent on the year. Brent crude, the international oil benchmark, edged 6.5 percent lower to trade around $105 per barrel. Cboe’s VIX, known as “Wall Street’s fear gauge,” is up nearly 99.5 percent year-to-date, according to MarketWatch. Tech companies saw sales swell early in the coronavirus pandemic as consumers reached for products and services that could keep them connected while they isolated at home. Technology companies led a broad market rally shortly after the pandemic began more than two years ago, but there has been a stark reversal in recent months. At 3.6 percent, the unemployment rate remains very low, but growth has slowed markedly and the economy actually contracted in the first three months of 2022. Software company Palantir and electric-vehicle maker Rivian each lost more than 20 percent on the day. After a temporary Federal Reserve-induced boost last week carried it above $40,000, bitcoin was trading down nearly 9 percent Monday at $31,512. But now, as investors react to the prospect of a sluggish economy, big-name companies are also paying a price for high inflation and the possibility of a recession.

The S&P 500 index fell to its lowest since April 2021 on Monday as higher U.S. Treasury yields hit growth stocks amid prospects of aggressive policy ...

Register now for FREE unlimited access to Reuters.com The energy (.SPNY) sector tumbled 6% on the back of a 2% drop in oil prices, as weak China data and a tighter COVID-19 lockdown in Shanghai deepened fears of a potential global slowdown. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com All of the 11 major S&P sectors declined.

The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears ...

"The market is focused on long-term interest rates. The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears that the global economy is headed for a slowdown. Declining issues outnumbered advancers for a 5.92-to-1 ratio on the NYSE and a 4.82-to-1 ratio on the Nasdaq. The first-quarter earnings season is in its final stretch, and of the 434 S&P 500 companies that have reported results as of Friday, 79% have topped analysts' estimates, according to Refinitiv. The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears that the global economy is headed for a slowdown The S&P index recorded one new 52-week high and 53 new lows, while the Nasdaq recorded seven new highs and 685 new lows. The S&P 500 growth index has dropped nearly 22.8% so far this year, compared to a 13.5% fall in the benchmark index . Technology-focused growth stocks have faced the brunt of the sell-off this year as their returns and valuations are discounted more deeply when yields rise. Investors will keep a close eye on the U.S. inflation data for April for clues on whether the price pressures are reaching a peak. The tech-heavy Nasdaq dropped 3.4%, while the benchmark S&P 500 index hit its lowest level in a year as megacap stocks Microsoft Corp, Amazon.com, Apple Inc, Google-owner Alphabet Inc, Meta Platforms and Tesla Inc fell between 2.3% and 3.2%. After a 50 basis points increase in interest rates this month by the U.S. central bank, many traders expect it to raise it by another 75 basis points at its June meeting. U.S. stocks slid on Monday as higher U.S. Treasury yields hit growth stocks amid prospects of aggressive monetary policy tightening, with investor sentiment taking a hit from fears of a sharp economic slowdown in China.

NEW YORK — U.S. stocks were down sharply on Monday, with the S&P 500 hitting its lowest level since April 2021, led by declines in mega-cap growth shares ...

(Additional reporting by Devik Jain and Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta, Anil D’Silva and Aurora Ellis) Article content The U.S. central bank recently hiked interest rates by 50 basis points. Article content Article content

Stocks are slipping after a massive selloff last week. Bitcoin sunk below $31000 on Monday. Rivian's stock fell by more than 20%

Share your thoughts and experiences with USA TODAY for possible inclusion in future coverage. The yield on the 10-year Treasury has shot to its highest level since 2018 as inflation and expectations for Fed action rose. The Nasdaq composite’s loss of roughly 25% for 2022 so far is much sharper than that for other indexes. The risk is the Fed could cause a recession if it moves too far or too quickly. Many tech-oriented companies saw profits boom through the pandemic as people looked for new ways to work and entertain themselves while locked down at home. Companies overall are reporting bigger profits for the latest quarter than expected, as is usually the case. The central bank has already pulled its key short-term interest rate off its record low of zero, where it sat for nearly all the pandemic. Share your thoughts with USA TODAY on the form below or click here.) Tech earnings are also lagging, she said. Stocks fell across Europe and much of Asia, as did everything from old-economy crude oil to new-economy bitcoin. But discouraging signs for future growth have been plentiful. Share your thoughts with USA TODAY on the form below or click here.)

All three major indices were pummelled in another ugly trading session. . Read more at straitstimes.com.

Both companies cautioned that a deal was not certain. But Philip Morris International gained 0.9 per cent after it confirmed it was in talks to acquire Swedish Match in a deal that would boost its smokeless offerings. Large tech names continued to retreat with Amazon losing 5.2 per cent and Netflix falling 4.4 per cent. Ten of the 11 sectors in the S&P 500 finished lower, with only the consumer staples group mustering a tiny gain. The broad-based S&P 500 slid 3.2 per cent to 3,991.24, its first close under 4,000 points since March 2021. All three major indices were pummelled in another ugly trading session, with the Dow Jones Industrial Average falling two per cent, or more than 650 points, to end the day at 32,245.70.

Benchmark 10-year U.S. Treasury yields hit their highest levels since November 2018 early in the session. Investors are worries about how aggressive the Federal ...

read more The S&P 500 hit its lowest level since April 2021, while the Nasdaq hit its lowest level since its lowest level since November 2020. The U.S. central bank recently hiked interest rates by 50 basis points. The S&P 500 posted 1 new 52-week highs and 67 new lows; the Nasdaq Composite recorded 13 new highs and 1,146 new lows. The Dow Jones Industrial Average (.DJI) fell 525.94 points, or 1.6%, to 32,373.43, the S&P 500 (.SPX) lost 116.11 points, or 2.82%, to 4,007.23 and the Nasdaq Composite (.IXIC) dropped 486.13 points, or 4%, to 11,658.53. S&P 500 hits lowest since April 2021, Nasdaq down 4% amid rate concerns

Tech wasn't alone in this slump. The S&P 500 tumbled 3.2% and closed at 3,991, below the psychologically key 4,000 point threshold. Broad stocks benchmark is in ...

Microsoft Corp. sank below $2 trillion in market value on Monday for the first time since June 2021, with the stock now down 21% this year. The Nasdaq 100 is down 25% this year amid a jump in U.S. Treasury yields and mounting concerns that higher interest rates and soaring inflation could tip the U.S. economy into recession. Few tech companies have been spared in this year’s selloff. Broad stocks benchmark is in its worst three-day stretch since its March 20, 2020, pandemic low. The tech-heavy benchmark sank 4% on Monday, extending its decline to 10% since the Federal Reserve raised interest rates half a percentage point last week and Chair Jerome Powell signaled the Fed would continue hiking at that pace. Tech wasn’t alone in this slump.

The Dow Jones Industrial Average and Nasdaq composite closed lower on Monday after a massive sell-off hit the stock market last week following the Federal ...

The Innovator IBD 50 ETF ( FFTY), a benchmark for growth stocks, fell 6.3%. It's certainly been an unforgiving market for growth stocks. Shares have been forming a cup-with-handle base since the start of 2022. The stock's RS line is skyrocketing to new highs amid Monday's market sell-off. Shares remained right at the buy point in afternoon trading. On Monday, the 10-year Treasury yield traded at around 3.08%. Meanwhile, crude oil plummeted, causing a sell-off in energy stocks. The buy zone tops out at 15.61. The Dow Jones Industrial Average and Nasdaq composite closed lower on Monday after a massive sell-off hit the stock market last week following the Federal Reserve's rate-hiking announcement. Chinese exports rose 3.9% from a year earlier in April, a big drop-off from 14.7% growth a month earlier. The Nasdaq sank 4.3% after being down over 1.5% last week. A half-point fed funds rate increase on Wednesday, followed by comments from Fed Chairman Jerome Powell, led stocks initially higher last week. The slide came as the price of U.S. crude oil fell more than 6% to $102.70 per barrel. the same time on Friday. This is very much a bearish indicator as it shows institutional distribution.

U.S. stocks plunge on Monday, weighed down by recession fears and monetary policy angst, with the S&P 500, Nasdaq 100 and the Dow Jones all dropping to ...

The Nasdaq 100 nosedived on Monday and set a new 2022 low after sliding below the March 2021’s trough near 12,210, an event with bearish implications for price action. In terms of forecasts, April CPI is expected to come in at 8.1% y/y from 8.5% in the previous month, while the core gauge is seen rising 6% y/y from 6.5% y/y previously. Although the likelihood of a near-term recession remains low due to a healthy labor market and strong consumer spending, the outlook is not static and could change with short notice. Meanwhile, the Nasdaq 100 led the rout on Wall Street, plunging 3.98% to 12,187, a fresh low for 2022. The Dow Jones, for its part, sank 1.99% 32,245, deepening its run into correction territory. At the market close, the S&P 500 sank 3.2%, losing the psychological 4,000 level and ending the afternoon at 3,991, its lowest level since April 2021.

That's the biggest three-day drop for the index since September 2020, according to data compiled by Bloomberg. Money Pit. Tech stocks lose over $1 trillion in ...