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Dow falls more than 500 points to close out its worst week since October

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Comments

weiren88
2021-06-19
weiren88
comment too
sugizoi4u
2021-06-19
sugizoi4u
Done
Ahyie
2021-06-19
Ahyie
Ok
- Fynn_SG:
  ok
SJY93
2021-06-19
SJY93
ok
Fiona888
2021-06-19
Fiona888
OK
liked and commented. Could you please also help me to like and comment my first post from my profile. https://www.laohu8.com/m/post/166838064?lang=en_

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TheS&P 500slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. TheNasdaq Compositeclosed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.\nFor the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.\nSt. Louis Federal Reserve President Jim Bullardtold CNBC's \"Squawk Box\"on Friday it was natural for the Fed to tilt a little \"hawkish\" this week and that the first rate increase from the central bank would likely come in 2022. 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This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.\nThis phenomenon hurt bank stocks particularly as their earnings could take a hit when the spread between short-term and long-term rates narrows. Bank of America and JPMorgan Chase shares on Friday lost more than 2% each. Citigroup fell by 1.8%, posting its 12th straight daily decline.\nFed Chairman Jerome Powell said Wednesday that officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.\n\"This week's first whiff of an eventual change in Fed policy was a reminder that emergency monetary conditions and the free-money era will ultimately end,\" strategists at MRB Partners wrote in a note. \"We expect a series of incremental retreats from the Fed's benign inflation outlook in the coming months.\"\nCommodity prices were underpressure this weekas China attempted to cool rising prices and as the U.S. dollar strengthens. Copper, gold and platinum fell once again on Friday.\nFriday also coincided with the quarterly \"quadruple witching\" in which options and futures on indexes and equities expire. 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Could you please also help me to like and comment my first post from my profile. https://www.laohu8.com/m/post/166838064?lang=en_","text":"OK<br>\nliked and commented. Could you please also help me to like and comment my first post from my profile. https://www.laohu8.com/m/post/166838064?lang=en_","html":"OK<br>\nliked and commented. Could you please also help me to like and comment my first post from my profile. https://www.laohu8.com/m/post/166838064?lang=en_","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/162729183"}