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Tech Stocks Pulled Wall Street Down on Thursday, European Stocks Ended Flat.


London, Thursday, 13 January 2022 -



US Markets summary


On Thursday, US stocks fell as tech sectors dragged on the three major indices. The S&P 500 fell 1.4 percent, the Nasdaq Composite fell 2.5 percent, and the Dow Jones lost as much as 160 points after gaining approximately 200 points earlier in the session. Traders digested new inflation data, which confirmed that the Fed will not need to hike rates quicker than previously announced.


Simultaneously, initial unemployment claims increased in the first week of the year as the omicron spread began to disrupt activity, but remained within a range consistent with a strong labour market. On the corporate front, Boeing stock increased by more than 2% after Bloomberg reported that the 737 MAX jet could resume commercial flights in China as early as this month. Delta Airlines rose 1.8 percent after reporting earnings that above expectations. Meanwhile, mega-caps like as Tesla and Microsoft were down 7% and 4%, respectively, while Snap was down more than 10%.



European Markets summary


Gains in auto and tech stocks were countered by losses in conservative sectors including healthcare and personal and household products, bringing European equities markets to a halt after a two-day rally. Countryside Properties, based in the United Kingdom, fell 21% after announcing that its CEO will resign with immediate effect and admitting that first-quarter trading in the new financial year fell short of the board's expectations. Marks & Spencer also fell nearly 8% as the firm forecast full-year adjusted pretax earnings of around £500 million, which was in line with its November forecast.


The construction industry also finished lower, dragged down by a 4.1 percent drop in Geberit after the company stated it was unable to make a forecast for 2022 due to heightened uncertainties. Automakers, on the other hand, rose 1.8 percent and were the strongest performers for the day, helped by TMSC, the world's largest contract chipmaker, reporting a record quarterly profit.


U.S. Stock Market Indexes

  • S&P 500: -67.33 (-1.42%) to 4,659

  • Nasdaq: -381.58 (+2.51%) to 14,806.81

  • Dow Jones: -176.70 (-0.49%) to 36,114


European Stock Market Indexes

  • STOXX Europe 600: −0.15 (0.031%) at 486.05 as at 13 Jan, 18:00 CET

  • FTSE 100 in London: +12.13 (0.16%) at 7,563.85 as at 13 Jan, 16:35 GMT

  • DAX 30 in Germany: +21.27 (0.13%) at 16,031.59 as at 13 Jan, 17:55 CET

  • CAC 40 in France: −36.05 (0.50%) at 7,201.14 as at 13 Jan, 18:05 CET

  • FTSE MIB 30 in Italy: +130.19 (0.47%) at 27,844.45 as at 13 Jan, 17:35 CET

  • IBEX 35 in Spain: +46.60 (0.53%) at 8,816.90 as at 13 Jan, 17:38 CET


Other markets

  • Ten-year U.S. Treasury note: -0.043 , +1.703% as at Jan 13, 2022 4:55 p.m. EST

  • Dollar index: 0.06 or -0.06% at 94.86 as at an 13, 2022 at 6:03 p.m. EST

  • VIX volatility index: +2.69 (15.27%) at 20.31 as at 13 Jan, 15:15 GMT-6


Oil prices

  • Brent crude: -0.36 or -0.43% at $84.11 per barrel as at Jan 13, 2022 10:57 p.m. GMT

  • West Texas Intermediate: -0.38 or -0.46% at $ 81.74 as at Jan 13, 2022 at 6:06 p.m. EST


Precious metals

  • Gold: -3.62 or -0.20% at $ 1,821.51 an ounce

  • Silver: -0.05 or -0.20% at $ 23.08 an ounce


Cryptocurrencies

  • Bitcoin: −1,245.90 (2.84%) at $42,675.90 as at 13 Jan, 23:15 UTC

  • Ethereum: −117.24 (3.48%) at $ 3,256.40 as at 13 Jan, 23:14 UTC


(Written and edited by: The Decision Maker)