Saturday , January 22 2022

Sale of Wall Street Part 2


As the US stock market strengthened on Tuesday and yesterday 's sell – off expanded, Apple put pressure on the technology sector and pulled crude oil into the energy market.

O Dow Jones Down 1.6% to 24,615 units, Nasdaq Or 0.9 percent, to 6.966 units. S & P 500 Dropping 1.2% to 2,658 units.

The Standard & Poor's 500 index is heading for a revision, with the index ready to fall nearly 10 percent from its recent high. All 11 sectors of the index moved negatively on Tuesday and technology fell 2.5%.

On Monday, the Nasdaq closed at a loss of 3.3%. Apple With a 4.1% loss and Facebook down 5.7%.

H Apple Today continues with "Red". The technology share fell 2.8 percent to $ 180. H Goldman Sachs We lowered our target price from $ 209 last week to $ 182. Rod Hall lowered its target price from $ 222 last week. The recommendation is "neutral". "Because the demand for Apple products in China and other emerging markets is weak, the balance of price and function of the iPhone XR does not seem to satisfy users outside the US," Hall wrote to the customer.

In today's financial news Housing starts It increased 1.2% in October to 1.23 million, up 1.5%.

Housing mortgage rates have slowed as mortgage interest rates have risen in recent months.

That Building Permit (Announced over the coming months), and signs of future activity are 1.26 million, down 0.6%.

Prices for raw materials fell 5 percent to $ 54 a barrel. Gold prices, meanwhile, rose 0.1 percent to $ 1,226 an ounce.

In the currency market dollarIt is stronger than the euro and British pound. The exchange rate with the European currency is 1,1401 euros / euro.

Bond yields on US 10-year bonds fell to 3.053%.

A freefall (-10.3%) is found on the dashboard. Share of target, And retreated to a low level of six months. Retailers announced lower third quarter results and sales.

6% share increase Cambell soup.

Chevron drops more than 2% Exxon Mobil

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