Skip to main content

New week starts off with a continuation of last weeks declines; major indexes off to a bad start

Written by Customer Service on . Posted in Public Companies.

The declines seemed to be the continuation from last weeks as the trend remains the same even after a two-day break. Major indexes are continuously experiencing sharp drops brought by last week’s data on consumer price changes and producer price changes, which are both higher than estimates. This created a scenario wherein producers may lack the ability to keep up with the demand as the economy continues to improve from the pandemic levels, instilling the fear of price increase.

Traders continue to watch these trend to see if intervention from the Federal Reserve will be warranted to curb the rising inflation markers by pulling back policies effective last year, including conducting asset purchases amounting to $120 billion a month and the almost zero interest rates. However, Federal Reserve Chair Jerome Powell, along with other policy makers, believe that these changes are near-term advances and will only be transitory which will normalize in the following months.

Here’s an overview on the moves in the market today:
• The Dow Jones Industrial Average lost 0.16% and at 34,327.79.
• S&P 500 Index decreased by 0.25% and currently at 4,163.29.
• NASDAQ Composite Index dropped to 13,379.05 after losing 0.38%.
• Yield on 10 Year Treasury now at 1.6400%.
• Gold up by $28.50 or 1.55% and now at $1,866.60 an ounce.
• Crude up by $0.95 or 1.45% and closed at $66.32 per barrel.

The Dow Jones Industrial Average slightly down and is hovering below the line with a 0.16% or 54.34 points drop. S&P 500 slid down by about 10 points or 0.3%. NASDAQ Composite Index fell with a 50-point decrease or 0.4%. NASDAQ data shows that last week was its fourth consecutive week of losses, and if the trend does not change, it may end up going past that count.The 10 Year Treasury yield increased by 0.5 basis points ending at 1.6400%.

On other news, Bitcoin (BTC-USD) dropped below $45,000 even after Elon Musk, Tesla CEO, said that they have not let go of any holdings of cryptocurrency, though there was a Twitter post earlier that reflects intent to sell.

For more latest news in US Stock Market and Crypto Currency you may also visit us at Invest Consulting Group Limited through our website or contact us via email.
For more information, visit: https://investcgl.com/

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.