EUR/USD 1.17743
-0.026%
Gold 4531.31
1.129%
Oil 56.825
-2.374%
USD/JPY 156.488
0.356%
GBP/USD 1.35028
-0.027%
GBP/JPY 211.305
0.408%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian Foreign Minister Kuleba: Water supply has been restored in Kyiv and surrounding areas.Sudans Rapid Support Force (RSF): On Saturday, the RSFs air defense forces shot down a Turkish-made Bairaktar drone in the Brno region of South Kordofan province.The mayor of Moscow stated that three drones heading towards Moscow have been shot down. Emergency services are working at the crash site.December 27th - In recent months, the US government has escalated its military threats and sanctions against Venezuela, leading to the disruption of numerous international shipping routes and severe disruptions to maritime logistics. Venezuela is experiencing shortages of some medicines and medical equipment, with the prices of some life-saving drugs soaring to levels unaffordable for ordinary citizens. A reporter from CCTV visited a large pharmacy in the northeastern suburbs of Caracas, the Venezuelan capital. Local consumers can still purchase common medicines there, but some antibiotics are sold out. Furthermore, some emergency medicines and medical supplies are prohibitively expensive. For example, the only insulin injector sold there costs more than three times the price of similar products on the international market. It is understood that Venezuela relies on imports for 90% of its pharmaceutical raw materials, and medical equipment such as monitors and anesthesia machines are almost entirely dependent on overseas supplies.Ukrainian President Zelensky: The security guarantees provided by the United States will depend on what US President Trump is prepared to provide.

S&P 500 Drops 2.5% As Traders Prepare For Hawkish Fed

Cory Russell

Oct 08, 2022 14:22

微信截图_20221008141524.png

Stocks decline before the weekend

As a result of the better-than-expected Unemployment Rate news, which showed that the Unemployment Rate decreased from 3.7% in August to 3.5% in September, the S&P 500 is down 2.5%.


Stock prices will decrease as a result of the Fed's increased hawkishness as a result of the unexpected decline in the unemployment rate.


While the majority of market categories are now under significant pressure, energy stocks have been moving higher as WTI oil prices have risen. Leading oil companies including ConocoPhillips, APA Corporation, and Halliburton are up more than 3% today.


One of the poorest performing sectors right now is technology. AMD, which is down 11% after its preliminary third-quarter earnings underperformed analyst expectations, is leading the sell-off.


Additional export restrictions placed on by the U.S. today to cut China off from important chips have increased pressure on semiconductor stock prices. Monolithic Power Systems, ON Semiconductor, and NVIDIA are all down between 6 and 8%.


Because traders try to reduce their risks before the weekend, there is a widespread sell-off. Because of the positive employment market statistics, Treasury rates may soon reach annual highs, which would be negative for equities.


Traders have to keep an eye on what's happening in the markets for European government debt. Yields are increasing alarmingly quickly in Europe, which might eventually result in a debt catastrophe. The S&P 500 may hit new lows as a result of the strong currency and serious issues in the European economy, which will harm profitability for American multinational corporations.

Suggestion