The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
American futures jump, as Fed is believed to lift rates
On Wednesday, American futures jumped a bit because market participants are waiting for an interest rate announcement from the key US bank.
The S&P 500 futures headed north by up to 0.23% being worth 2,928.0. Additionally, Dow futures ascended by 0.20% trading at 26,572.0. Moreover, Nasdaq 100 futures added 0.30% coming up with an outcome of 7,618.25.
The key American financial institution is generally believed to have interest rates raised for the third time in 2018 when it concludes its two-day policy gathering in Washington.
With a rate lift all but locked in, market participants will monitor the dot-plot graph for further indications of a probable fourth interest rate lift in December.
As matter of fact, Apple managed to ascend by up to 0.36% in premarket trade, notwithstanding semiconductor Qualcomm blaming the tech giant for thieving its chip secrets and providing them to Intel.
Apart from that, Tesla headed north by 0.34%. Chinese e-commerce site Jd.com acquired 0.69%. At the same time, AMD rallied by 0.61%.
Moreover, Nike went down by 2.88% following dismal sales surge figures.
Aside from that, in the European Union, equities were generally mixed. The DAX headed south by 0.16% in Germany. The CAC 40 jumped by 0.27% in France. The FTSE 100 rallied by 0.17% in the United Kingdom. Besides this, the European Euro Stoxx 50 managed to acquire 0.23%. At the same time, the IBEX 35 tacked on by up to 0.14% in Spain.
As for commodities, gold futures went down by 0.21% being worth $1,202.60 a troy ounce. Besides this, crude futures slumped by 0.24% trading at $72.11 a barrel.
Estimating the evergreen buck’s purchasing potential versus its primary rivals the USD index managed to rally by up to 0.11% trading at 93.83.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
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