Breaking news
Dow drilled 740 points below 30K, Standard & Poor’s 3% and Nasdaq 4%
| Code | price | they change | % change |
|---|---|---|---|
| Me: DJI | $29928.39 | -740.14 | -2.41% |
| SP500 | $3667.07 | -122.92 | -3.24% |
| I: COMP | $10,646.10 | -453.06 | -4.08% |
| WMT | USD 120.64 | +1.27 | + 1.06% |
| PG | USD 133.27 | +0.81 | + 0.61% |
| JNJ | $170.17 | +0.21 | + 0.12% |
| Mrk | USD 84.92 | +0.35 | + 0.41% |
Investors hit US stocks, which are now at their lowest levels since 2020. The sell-off was complicated by deteriorating housing data, rising mortgage rates and the Federal Reserve’s no-confidence vote after the 0.75% interest rate hike on Wednesday. In commodities, oil rose 2% to $117.58 a barrel.
Defensive stocks including members of Dow Walmart, P&G, J&J and Merck bucked the sale with modest gains.
story development
Dow dives with three numbers
| Code | price | they change | % change |
|---|---|---|---|
| NKE | $107.30 | -6.35 | -5.59% |
| AXP | USD 139.01 | -7.17 | -4.90% |
| CVX | USD 156.70 | -7.69 | -4.68% |
|
WMT |
121.40 USD | +2.03 | + 1.70% |
| PG | $133.84 | +1.38 | + 1.04% |
Dow Jones averages.
$
29988.49
The Dow Jones Industrial Average dropped as much as 900 points before pulling back a bit with the leading losers Nike, American Express and Chevron, while Walmart and Procter & Gamble held out.
Breaking news
Elon Musk talks to Twitter staff
Elon Musk, in his Twitter meeting, employees addressed some top priorities, according to reports…
Elon Musk doesn’t care about being the CEO of the company
Wants to reach 1 billion users
There must be a “rationalization” of the number of employees
Advertising is “very important” to the company
Source: Reuters
Housing headwinds escalate
Home starts and permits, signs of future growth, fell sharply in May suggesting a sharp decline home builders are facing in the coming months.
Starts: -14.4% to 1.549 million
Permits: -7% to 1.695 million
Breaking news
Stocks stumble after Fed rally
| Code | price | they change | % change |
|---|---|---|---|
| Me: DJI | $29993.43 | -675.10 | -2.20% |
| SP500 | $3,693.00 | 96.99 | -2.56% |
| I: COMP | 10,772.79 USD | -326.37 | -2.94% |
US stocks fell across the board as interest rate hikes faded after the Fed hike and investors turned their attention to recession fears. New data on housing starts and permits showed a sharp decline pointing to an even sharper slowdown for homebuilders. In commodities, oil fell to the $112 level.
A quick look at futures contracts
US stock futures much less in Thursday pre-market tradinga day after Federal Reserve decision to raise interest rates 75 basis points.
while, Oil prices are lowerwhere WTI futures are trading at $114 a barrel while Brent crude is trading at around $117 a barrel.
Stock futures drop after Fed decision hike
US stock futures fell on Thursday morning as they fell Post-Fed Decision The relief rally was temporarily suspended. Stock traders will be watching economic data such as unemployment claims and home construction that may affect trading.
Bitcoin continues downtrend
Bitcoin traded above $21,000 after falling overnight to a low of $2,011. On Thursday, Bitcoin entered a nine-day losing streak, dropping more than 30% during that streak. The Cryptocurrency disabled More than 30% for the month and down more than 53% since the beginning of the year. Ether was trading around $1,100 and the price of Dogecoin was 5 cents.
Gas price brackets
gallon price Ordinary gasoline slipped
Thursday morning down to $5,009, according to AAA. The price on Wednesday was $5.014. Gas hit a historic milestone over the weekend reaching $5 a gallon. Diesel rose to a record high of $5.786 from $5.78.
Look at oil prices
Oil traded volatile on Thursday after a sharp decline in the previous session, buoyed by a tight oil supply and the highest consumption of the summer, after Federal Reserve Raising interest rates.
West Texas Intermediate Crude oil futures rose to $115 a barrel. Brent crude futures rose to $119 a barrel.
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