When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Asian stocks decrease after US stocks dip overnight
On Friday, Asian stocks were softer in early trade, reacting to a weaker close overnight, while global bond yields inched up.
The Nikkei 225 went down 0.61%. As for the Kospi, it lost 0.39% in early trade.
Additionally, the S&P/ASX 200 decreased 0.63%.
The Hang Seng Index dipped 0.42% and the Shanghai Composite sank 0.39%.
Overnight, American shares concluded lower, as a slide in both tech as well as energy stocks put pressure on the broader market while weaker-than-expected labor market reports contributed to downbeat sentiment.
Energy continued its descending trend, losing 1.8% notwithstanding weekly American inventory data, which demonstrated a larger-than-expected draw in both crude and gasoline stockpiles.
Tech stocks dipped too because market participants kept rotating out of the tech sector, with Amazon, Facebook, and Apple sagging more than 0.5%.
The Dow Jones Industrial Average showed 21,321.82, sliding up to 156 points. Aside from that, the S&P 500 concluded 0.94% lower, and the Nasdaq Composite hit 6089.46, dipping 1%.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…