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US indices began to fall

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US indices began to fall
October 11
09:00 2018

On Wednesday, indices in the United States were falling, while US Treasuries showed the growth.

Dow Jones has lost 800 points. The fall of the S & P 500 has been a record since February. Nasdak has not suffered like that since January.

The technology sector has experienced the largest and strongest decline. Amazon shares have slipped by more than 6%, Netflix – by 8%, Facebook – by 4%, Google – by 4.5%, and Microsoft – by 5%.

Experts attribute the drop in indices to the volatility and say that the current situation has been brewing for a long time. The main key lies in the growth of rates on government bonds. When investors see positive trends in a more conservative sector, they divert their attention there and get rid of higher-risk assets.

Now the yield of US bonds is 3.2%. This indicator has been very high for several years in a row.

On Wednesday, it was reported that producers’ prices had risen to 2.6% in annual terms. Experts predicted the growth of 2.7%.

Due to the news that William Ekman owns 1.1% of Starbucks shares, the papers of the coffee house have slipped by 3%.

After the announcement that Snapchat was going to produce its own serials and documentaries with advertising, the securities of the company fell by 1.5%.

The Wall Street Journal released a material about the upcoming bankruptcy of Sears Holdings, which caused a 17% collapse of shares.

In New York, the securities of the electric car manufacturer NIO have risen by almost 5%.Tesla’s shareholder Baillie Gifford & Co has acquired 11.4% of the company.

Thoma Bravo Fund is going to buy software manufacturer Imperva. The company is engaged in cybersecurity. Due to this news, the papers have jumped by almost 30%.

Twitter showed a decline of 8.5% due to a negative forecast regarding earnings in the third quarter.

The fall of the Dow Jones has exceeded 800 points and stood at the point of 2560.

The S & P 500 has lost 94 points and stopped at the mark of 2,786 points; Nasdak has slipped by 315 points- to the value of 7,422 points.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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