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US Stocks Lower On Rates Hike Worries, European Stocks Down As Investors Digest Fed’s Minutes.


London, Thursday, 6 January 2022 -


US Markets summary


The Dow Jones Industrial Average lost more than 150 points, the S&P 500 was down 0.2 percent, and the Nasdaq Composite was down 0.1 percent on Thursday, following the massive Fed fallout the day before. The Nasdaq index has dropped 4% as a result of a three-day slide in tech firms.


Big tech stocks continued to lose ground as investors shifted away from high-priced names, with Tesla and Netflix plunging more than 2% and Apple losing more than 1% of their value.


Rate-sensitive stocks, on the other hand, gained as Fed minutes revealed the central bank is poised to remove its economic stimulus and raise rates sooner than expected.


Energy stocks, on the other hand, served to buffer further losses as oil prices rose. Meanwhile, the claims report confirmed a tight labour market, and all eyes are now on tomorrow's payrolls figures.


European Markets summary


On Thursday, European equities dropped to new lows, with Frankfurt's DAX 30 closing the day 1.4 percent lower at 16,045 and other major European bourses falling between 0.1 and 1.8 percent, after a global selloff in technology companies and bonds.


The minutes of the US Federal Reserve policy meeting were analysed by investors, who remained concerned about an increase in coronavirus infections and rising inflation.


Officials from the Federal Reserve agreed that raising interest rates sooner than planned, as well as reducing the central bank's overall asset holdings, may be necessary, citing concerns about persistently high inflation despite an improving labour market outlook.


As schools reopened, catering company Sodexo outperformed the market in the first quarter.



U.S. Stock Market Indexes

  • S&P 500: -4.53 (-0.10%) to 4,696.05

  • Nasdaq: -19.31 (-0.13%) to 15,080.87

  • Dow Jones: -170.57 (-0.47%) to 36,236.54


European Stock Market Indexes

  • STOXX Europe 600: −6.19 (1.25%) at 488.16 as at Jan 6, 5:50 PM GMT+1

  • FTSE 100 in London: −66.50 (0.88%) at 7,450.37 as at Jan 6, 4:35 PM GMT

  • DAX 30 in Germany: −219.72 (1.35%) at 16,052.03 as at Jan 6, 5:55 PM GMT+1

  • CAC 40 in France: −126.71 (1.72%) at 7,249.66 as at Jan 6, 7:05 PM GMT+1

  • FTSE MIB 30 in Italy: −506.98 (1.80%) at 27,655.69 as at Jan 6, 5:35 PM GMT+1

  • IBEX 35 in Spain: −0.90 (0.010%) at 8,789.90 as at Jan 6, 5:38 PM GMT+1

Other markets

  • Ten-year U.S. Treasury note: +2.8 bps to yield 1.7330%

  • Dollar index: +0.11 0.12% at 96.28 as at Jan 6, 2022 at 4:17 p.m. EST

  • VIX volatility index: −0.060 (0.30%) at 19.67 as at Jan 6, 3:12 PM CST


Oil prices

  • Brent crude: -0.02 or -0.02% at $ 81.97 per barrel as at Jan 6, 2022 9:15 p.m. GMT

  • West Texas Intermediate: +1.63 or 2.09% at $79.48 per barrel as at Jan 6, 2022 at 4:20 p.m. EST


Precious metals

  • Gold: -20.50 or -1.13% at $ 1,789.65 an ounce as at 16:31 NY time

  • Silver: -0.60 or -2.64% at $ 22.18 an ounce as at 16:31 NY time


Cryptocurrencies

  • Bitcoin: −187.90 (0.43%) at $43,199.00 as at Jan 6, 9:29 PM UTC

  • Ethereum: −109.55 (3.10%) at $3,425.43 as at Jan 6, 9:29 PM UTC



(Written and edited by: The Decision Maker)