Home Business The three major U.S. stock indexes fell across the board, the Nasdaq fell more than 2%, and large technology stocks weakened collectively – yqqlm

The three major U.S. stock indexes fell across the board, the Nasdaq fell more than 2%, and large technology stocks weakened collectively – yqqlm

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The three major U.S. stock indexes fell across the board, the Nasdaq fell more than 2%, and large technology stocks weakened collectively – yqqlm


On Wednesday, Eastern Time, the three major U.S. stock indexes fell across the board. As of press time, the Dow fell 0.82%, the Nasdaq fell 2.31%, and the S&P 500 fell 1.28%.

Big tech stocks weakened collectively,Nvidiafell more than 5%,Teslafell more than 4%,QualcommAmazonfell more than 3%,MicrosoftAppleGoogle-Afell more than 2%.

Institutional City

Citi: U.S. bond interest rate curve inverted, what to do with U.S. stocks

While an inverted U.S. yield curve is a warning sign of a recession, it is usually followed by a rally in U.S. stocks, Citi strategists said.

Historically, U.S. stocks have rallied within a year of inversions in U.S. two-year and 10-year U.S. Treasury yields, and last week saw their first inversion since 2019, according to a report by Alexander Saunders and colleagues. . Still, the strategists say returns are typically low. “If the inversion remains tame, investors should expect below-average, but slightly above-zero stock returns,” the strategists wrote.

The S&P 500 and Nasdaq 100 have climbed over the past three weeks, but have been volatile in recent days as U.S. bond yields surged and investors turned their focus to increasingly hawkish Fed officials.The global bond sell-off continued to widen on Wednesday as thecurrencyStocks also fell sharply on the prospect of a tighter-than-expected environment. The strategists said: “U.S. stocks finally fell for the third year after inversion, but still outperformed international markets. Long-term bonds performed well.” (Source: Zhitong Financial Network)

(Article source: Financial Associated Press)

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