New York, New York-US stocks recovered most of the day, then diving swans in the last 30 minutes. The Dow Jones, which had risen by more than 200 points, finished the other day with only 17.27 points (0.05%) at 35,619.25.
The Nasdaq Composite closed at 15,854.76 on Monday, falling 202.68 points (1.26%), accounting for most of the heat.
The Standard and Poor’s 500 fell 15.01 points (0.32%) to 4,682.55.
The US dollar has skyrocketed in response to US President Joe Biden’s announcement to nominate Jerome Powell as head of the Federal Reserve Board. “The market seems to be responding positively to the signal of continuity. This potential for a recovery with rising inflation, tenacity and strong demand growth, but a gradual recovery in cooling and capital and labor supplies. At the tricky stage, continuity will be key, “Greg Dako said. Oxford Economics Chief US Economist told CNBC on Monday.
The euro plunged to 1.1237, approaching New York at the end of Monday. The pound sterling plunged to 1.3398. The Japanese yen fell to 114.88, which was not desired. The Swiss franc fell to 0.9329.
The Canadian dollar fell sharply at 1.2695. The Australian dollar has fallen to 0.7227. The New Zealand dollar fell to 0.6957.
Overseas, German Dax gave up 0.27 percent. CAC 40 in Paris eased 0.10% and FTSE 100 in London rose 0.44%.
In the Asian marketAll normally sold out in Australia, the key index lost 41.60 points or 0.54 percent to 7,688.30.
In Japan, the Nikkei 225 rose 28.24 points (0.09%) to 29,774.11.
The Hang Seng Index in Hong Kong fell 98.63 points (0.39%), closing at 24,951.34 on Monday.
China’s Shanghai Composite Index rose 21.71 points (0.61%) to 3,582.08.
US stocks dive swans in the last 30 minutes of trading
Source link US stocks dive swans in the last 30 minutes of trading