US stocks continue to be red

Last night (Vietnam time), the wave of selling off stocks continued in US stock market first session of the week. Technology, consumer and industrial stocks were under the strongest selling pressure on Wall Street.

The S&P 500 ended May 9 below 4,000 points for the first time since late March 2021 and the Nasdaq Composite fell more than 4%, driven by a sell-off, led by growth stocks. hypercap, when investors are more concerned about rising interest rates.

The Nasdaq Composite Index closed at its lowest level since November 2020. Shares of Apple fell 3.3% in value and were the most pressured in the Nasdaq Composite and S&P 500 indexes. Shares of Microsoft Corp fell 3.7% and Tesla Inc fell 9.1%.

Dow Jones Index The session closed down 653.67 points, or 1.99%, to 32,245.7 points, while the S&P 500 index fell 132.1 points, or 3.2%, to 3,991.24 points, its lowest level since 31/3/2021. The Nasdaq Composite Index fell 521.41 points, or 4.29%, to 11,623.25.

US stocks have been volatile lately and have fallen for weeks in a row. “The conflict in Ukraine, the global energy shock and the risks arising from the Fed’s attempt to contain inflation have prompted many investors to reassess the macro situation,” analysts at Blackrock explained in a note. announced yesterday.

In the European stock market, the Stoxx 600 index also dropped 2.8% – the lowest level in the past 2 months.

In the precious metals and oil markets, the US dollar’s rise to a 2-decade high made the world gold price enter its fourth week of decline, to about $1,856 per ounce. The gloomy economic outlook pushed oil prices down more than $6, or 6%.

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