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TECH STOCKS FALL: Here’s what you need to know
US stocks and bonds fell on Thursday, a day after the Federal Reserve’s decision to raise interest rates and maintain its outlook for one more hike this year. The tech-heavy Nasdaq led declines among the major indexes.
Here’s the scoreboard:
- Dow: 21,362.35, -12.21, (-0.06%)
- S&P 500: 2,433.36, -4.56, (-0.19%)
- Nasdaq: 6,168.12, -26.77, (-0.43%)
- Snap sank to its initial offering price of $17 for the first time. Many of the banks that underwrote the company’s popular IPO have become bearish on the stock.
- Bitcoin had its biggest drop in more than two years. The cryptocurrency fell by as much as 12.9%, to $2,161 a coin, its lowest since the beginning of June.
- Nestle is thinking about selling its roughly $900 million-a-year US candy business. The world’s largest packaged foods maker said on Thursday it would “explore strategic options,” including a possible sale, amid a consumer shift towards healthier foods.
- Nike said it would cut 2% of its global workforce and discontinue a quarter of its shoe styles as competition mounts. Nike shares fell 3%.
- Alphabet fell after a rare downgrade. In a research note published Thursday, Canaccord said a lot of Alphabet’s growth in mobile search and YouTube “will be hard to repeat.”
- Initial jobless claims, which count people who applied for unemployment insurance for the first time, last week fell more than expected by 8,000 to 237,000, according to the Labor Department.
Additionally:
Don’t expect the market’s hottest stocks to cool down any time soon
Super-rich millennials are defying the way their parents have been investing for decades
Janet Yellen is starting to warm to a policy the Fed once regarded as radical
The Fed’s 4th rate hike could challenge a popular assumption investors make about stocks
LARRY SUMMERS: ‘The Fed is not credible with the markets’
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2sg7GSu
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk ๐ Like & ๐ Share di media sosial anda!
US stocks and bonds fell on Thursday, a day after the Federal Reserve’s decision to raise interest rates and maintain its outlook for one more hike this year. The tech-heavy Nasdaq led declines among the major indexes.
Here’s the scoreboard:
- Dow: 21,362.35, -12.21, (-0.06%)
- S&P 500: 2,433.36, -4.56, (-0.19%)
- Nasdaq: 6,168.12, -26.77, (-0.43%)
- Snap sank to its initial offering price of $17 for the first time. Many of the banks that underwrote the company’s popular IPO have become bearish on the stock.
- Bitcoin had its biggest drop in more than two years. The cryptocurrency fell by as much as 12.9%, to $2,161 a coin, its lowest since the beginning of June.
- Nestle is thinking about selling its roughly $900 million-a-year US candy business. The world’s largest packaged foods maker said on Thursday it would “explore strategic options,” including a possible sale, amid a consumer shift towards healthier foods.
- Nike said it would cut 2% of its global workforce and discontinue a quarter of its shoe styles as competition mounts. Nike shares fell 3%.
- Alphabet fell after a rare downgrade. In a research note published Thursday, Canaccord said a lot of Alphabet’s growth in mobile search and YouTube “will be hard to repeat.”
- Initial jobless claims, which count people who applied for unemployment insurance for the first time, last week fell more than expected by 8,000 to 237,000, according to the Labor Department.
Additionally:
Don’t expect the market’s hottest stocks to cool down any time soon
Super-rich millennials are defying the way their parents have been investing for decades
Janet Yellen is starting to warm to a policy the Fed once regarded as radical
The Fed’s 4th rate hike could challenge a popular assumption investors make about stocks
LARRY SUMMERS: ‘The Fed is not credible with the markets’
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2sg7GSu
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk ๐ Like & ๐ Share di media sosial anda!
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