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The Nasdaq lost 1.99%, the Dow Jones 1.45% and the S&P 500 1.76%.
Yesterday’s respite experienced by technology stocks and exchanges was just that. This Thursday the great tech titles took up the correction, hinting that the market still does not see reasonable prices after several weeks of constant increases.
Apple fell 3.3%, Amazon 2.86% and Facebook did so by 2.06%. With this the Nasdaq lost 1.99%, the Dow Jones 1.45% and the S&P 500 1.76%.
“We probably haven’t seen the full correction yet,” Matt Forester, chief investment officer at BNY Mellon Advisors at Lockwood, told Bloomberg.
Without ignoring what is happening on Wall Street, investors in Europe were not happy with the statements of the president of the European Central Bank. Christine Lagarde was expected to help cool the euro’s appreciation, but far from ‘intervening’, she assured that she will not control the exchange rate.
With this the stock markets of the old continent ended the day down with the Cac 40 of France falling 0.38%, the Ibex 35 of Spain 0.31% and the Dax of Germany losing 0.21%.
IPSA in loss mode
The one who does not have a good time is the IPSA. And is that the local selective had his third big drop in a row and ended the session on the Santiago Stock Exchange with a drop of 2.24% to 3,687.17 points. In this way, it accumulates a decrease of 4.3% since the close of Monday.
In the session, the losses suffered by E-CL of 3.75%, Concha y Toro with 3.74% and SQM-B with 3.51% stood out.
From the market, they emphasize that the bad moment of the Chilean market is increased after a massive flight of AFP affiliates towards riskier funds, which leads to fund managers having to go out to liquidate local shares.
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