Investors await the Federal Reserve’s policy meeting, Revenue Docket..
S & P 500 futures fell 1.1%, while technology-intensive Nasdaq 100-related futures fell more than 1.7%. Futures related to the Dow Jones Industrial Average, a good stock, fell 0.6%.
Pre-market trading down 2.6% after Q4 report $ 3.8 billion loss, in the meantime
It fell 2.7% after recording quarterly revenue that was disappointing to analysts. in the meantime,
Shares rose 1.4% after the company reported better-than-expected performance.
Market volatility has skyrocketed in recent sessions as investors have become more concerned about how quickly they can act to combat inflation by raising interest rates and shrinking their balance sheets. Meanwhile, earnings couldn’t provide the bumper beats investors were accustomed to last year, Geopolitical tensions surrounding Ukraine and Russia Emotions are important.
David Donavedian, Chief Investment Officer at CIBC Private Wealth, said 2021 earnings were a source of stock market power, but recent results show that companies are suffering from inflation and slowing economic growth. Suggests.
“We’ve become very accustomed to this cycle of companies overturning earnings expectations, but so far it hasn’t happened,” he said.
Whiplash market on MondayThe Nasdaq Composite Index fell 4.9% and then rallyed up 0.6%. The S & P 500 and the Dow Jones Industrial Average performed a similar comeback.
Meme stocks continued to suffer on Tuesday.
After plunging on Monday, AMC fell 4% and 5% in pre-market trading, respectively.
Last year, the US dollar rose the most since 2015. This is good for many US consumers, but it can also hurt stocks and the US economy. WSJ’s Dion Love Inn explains. Photo Illustration: Sebastian Vega / WSJ
The Federal Reserve Board is set up to discuss monetary policy paths, including the speed at which they may shrink. Approximately $ 9 Trillion Bond Portfolio, At a two-day meeting starting on Tuesday. Chairman Jerome Powell is expected to use the post-meeting comments to lay the foundation for a cycle of rising interest rates.
Benchmark 10-year Treasury yields rose from 1.735% on Monday to 1.785% on Tuesday. Bond yields are inversely proportional to price.
Overseas, the Nikkei 225 in Japan fell 1.7%, and the sharp declines in technology and telecommunications giant Softbank Group fell by more than 5%. Both Australia’s S & P / ASX 200 and South Korea’s Kospi Composite have receded by more than 2%. The Hang Seng Index in Hong Kong fell 1.7%.
European stocks rebounded as they closed on Monday before the US index rose. The Stocks Europe 600 Index for the entire continent on Tuesday rose 0.6%.
After a volatile day on Wall Street, the Asian market fell.
Photo:
Ahn Yong Joon / Associated Press
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