[ad_1]
AGI – ‘Black day for Wall Street, which closes another session, the third in a row, in intense red, with technology stocks in strong fibrillation.
After a negative opening, the New York Stock Exchange continued the session in intense red but in the final, the Nasdaq sank reporting a drop of more than 4%.
The Dow Jones, meanwhile, dropped 2.25% on the ground while the S&P dropped 2.78%.
The Wall Street trend during the day also influenced European markets, which, already disappointed by the heavy Eurozone GDP data in the second quarter, closed lower.
High tech is heavily penalized: leading the way Tesla that when reporting the -21.06% it also records its worst daily performance. The exclusion of the S&P 500 basket weighs on Elon Minsk’s company, but also on other factors.
The fall of the giants
Facebook, Amazon.com, Apple, Tesla, Microsoft, Alphabet and Netflix to have collectively lost more than $ 1 trillion market capitalization as of September 2.
Behavior Apple am fell almost 5%, Facebook by more than 4%, as did the Zoom video conferencing application.
But whether Tesla reports these impressive losses, it also depends on the news that General motors acquired an 11% stake, valued at $ 2 billion, in US electric truck maker Nikola. Title Nikola increased by more than 39%General Motors closed the session with a rise of 7.93%.
Analysts say the market reacted little, and belatedly, to the intervention of Fed Chairman Jerome Powell, who hinted last Friday that the US central bank is inclined to keep interest rates low for some time.
But it must be said that to consolidate the feeling that the economic recovery has really taken off, we are waiting to know the next data from the labor market. On Thursday, therefore, there could also be a reversal of the trend, if requests for weekly subsidies marked a more substantial decline.
Last but not least, gli Investors’ eyes are also on the ECB board, also scheduled for the day after tomorrow: no decision is expected, rather indications are expected of how the Eurotower intends to move in the near future.
This would not have direct repercussions for the US markets, but it would certainly give a more defined and less uncertain picture of the situation, also in light of the evolution of the pandemic.
