It’s not just the “Magnificent Seven” stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on…
Thee S&P 500 lost 2.7pc, to end at 5,614.99 points, while the Nasdaq Composite lost 4pc, to 17,470.21. The Dow Jones Industrial Average fell 2.1pc, closing at 41,911.09. The yields on US government bonds fell today as investors bought US debt after investors became less confidence in the stock market. Bond yields fall as bond…
The Federal Reserve held interest rates steady at its meeting in January. The minutes from that meeting, released on Wednesday, revealed most Fed officials supported holding policy at restrictive levels. “Many participants noted that the Committee could hold the policy rate at a restrictive level if the economy remained strong and inflation remained elevated, while…