US equities slip

US equities slip

On Wednesday, American equities generally declined because market participants dumped high-surge names, including FAANG and technology equities, with soaring Treasury gains as well as trade-related fears affecting their risk appetite.  

As a matter of fact, the S&P 500 and the Dow Jones Industrial Average slipped about 1.5%. Besides this, the Nasdaq dived 2%, thus drifting away from its 7.1% jump.

The rebound on Wall Street was led by technology equities that sank by 2.33% as well as the trade-sensitive industrial shares, which went down by 2.22%.

Along with tech equities, Amazon, Apple, Alphabet, Facebook and Netflix have led the market soar.

The Dow dipped by 1.5%, the S&P lost 1.94%, while the Nasdaq decreased by 2.32%.

Besides this, the Russell 2000 index declined by 1.18%.

As for the CBOE Volatility Index, it managed to gain 3.18%, thus demonstrating its highest value since June 25.

The top performers in the sea of red were represented by defensive utilities as well as consumer staples.

The weakness in tech sector was led by semiconductor companies right after Swiss vacuum valve manufacturer VAT Group told that demand from chip equipment producers receded.

The Philadelphia Semiconductor index headed south by 2.64%. Moreover, Intel sank 2%, while Nvidia inched down by 4.7%.

Financial analysts find it a good storm for the tech sector, with the tariff clash with China as well as weaker demand for processors.

Luxury equities appeared to be another casualty of fears of decelerating China demand, provoked by LVMH's outcomes. Jeweler Tiffany, Tapestry and Michael Kors went down 4.9%-7.2%.

Furthermore, Sears Holdings dived by 33.3%.

On the NYSE, slumping issues outclassed advancers for a 3.42-to-1 ratio as well as a 2.46-to-1 ratio on the Nasdaq.

Besides this, the S&P index hit 12 fresh 52-week maximums and also 39 fresh dips,  while the Nasdaq boasted up to 9 fresh peaks as well as 167 new dives.

 

 

Similar

American equities slump

On Thursday, American equities headed south due to the fact that gloomy earnings reports from industrials backed fears about soaring expenses as well as the impact of levies, contributing to worries over higher borrowing costs after hawkish remarks from…

American equities inch down

On Wednesday, American equities lost in their value in rather a choppy trading session, unable to proceed with their surge from the previous trading marathon because IBM snapped a run of firm blue-chips profits and gloomy housing data suppressed Home…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera