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2022-05-06

Get ready your war chest for the next 2 weeks.

Nasdaq Slides More Than 3%, Wiping out Wednesday’s Post-Fed Rally for Tech Stocks

Stocks fell on Thursday, giving back some of the sharp gains seen in the previous session after the

Nasdaq Slides More Than 3%, Wiping out Wednesday’s Post-Fed Rally for Tech Stocks

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The S&amp;P 500 and Nasdaq Composite fell 2.19% and 3.12%, respectively.</p><p><img src=\"https://static.tigerbbs.com/6e57fe638d4ff4103945f93d5fee14a6\" tg-width=\"424\" tg-height=\"202\" width=\"100%\" height=\"auto\"/></p><p>The moves come after a major rally for stocks on Wednesday. The Dow surged 932 points, or 2.81%, and the S&amp;P 500 gained 2.99% for their biggest gains since 2020. The Nasdaq Composite jumped 3.19%.</p><p>The Fed increased its benchmark interest rate by 50 basis points, as expected, and said it would begin reducing its balance sheet in June. 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The 10-year Treasury yield, which moves opposite of price, surged back above 3% on Thursday morning.</p><p>Carlyle Group co-founder David Rubenstein said investors need to get “back to reality” about the headwinds for markets and the economy, including the war in Russia and high inflation.</p><p>“We’re also looking at 50-basis-point increases the next two FOMC meetings. So we are going to be tightening a bit. I don’t think that is going to be tightening so much so that we’re going slow down the economy. ... but we still have to recognize that we have some real economic challenges in the United States,” Rubenstein said Thursday on CNBC’s “Squawk Box.”</p><p>Some Wall Street strategists had suggested markets could see a relief rally after the rate increase. After Powell’s comments, investors seemed at ease about the central bank’s ability to slow inflation without triggering a recession. The S&amp;P 500 and Nasdaq Composite touched their lowest levels of the year earlier this week after a rough April for stocks, possibly making some areas of the market oversold.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Slides More Than 3%, Wiping out Wednesday’s Post-Fed Rally for Tech Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Slides More Than 3%, Wiping out Wednesday’s Post-Fed Rally for Tech Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-05 22:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell on Thursday, giving back some of the sharp gains seen in the previous session after the Federal Reserve raised rates by half a point.</p><p>The Dow Jones Industrial Average fell 1.78%. The S&amp;P 500 and Nasdaq Composite fell 2.19% and 3.12%, respectively.</p><p><img src=\"https://static.tigerbbs.com/6e57fe638d4ff4103945f93d5fee14a6\" tg-width=\"424\" tg-height=\"202\" width=\"100%\" height=\"auto\"/></p><p>The moves come after a major rally for stocks on Wednesday. The Dow surged 932 points, or 2.81%, and the S&amp;P 500 gained 2.99% for their biggest gains since 2020. The Nasdaq Composite jumped 3.19%.</p><p>The Fed increased its benchmark interest rate by 50 basis points, as expected, and said it would begin reducing its balance sheet in June. However, Fed Chair Jerome Powell said during his news conference that the central bank is “not actively considering” a larger 75 basis point rate hike, which appeared to spark a rally.</p><p>Still, the Fed remains open to the prospect of taking rates above neutral to rein in inflation, Zachary Hill, head of portfolio strategy at Horizon Investments, noted.</p><p>“Despite the tightening that we have seen in financial conditions over the last few months, it is clear that the Fed would like to see them tighten further,” he said. “Higher equity valuations are incompatible with that desire, so unless supply chains heal rapidly or workers flood back into the labor force, any equity rallies are likely on borrowed time as Fed messaging becomes more hawkish once again.”</p><p>The Treasury market saw a more dramatic reversal of Wednesday’s rally. The 10-year Treasury yield, which moves opposite of price, surged back above 3% on Thursday morning.</p><p>Carlyle Group co-founder David Rubenstein said investors need to get “back to reality” about the headwinds for markets and the economy, including the war in Russia and high inflation.</p><p>“We’re also looking at 50-basis-point increases the next two FOMC meetings. So we are going to be tightening a bit. I don’t think that is going to be tightening so much so that we’re going slow down the economy. ... but we still have to recognize that we have some real economic challenges in the United States,” Rubenstein said Thursday on CNBC’s “Squawk Box.”</p><p>Some Wall Street strategists had suggested markets could see a relief rally after the rate increase. After Powell’s comments, investors seemed at ease about the central bank’s ability to slow inflation without triggering a recession. The S&amp;P 500 and Nasdaq Composite touched their lowest levels of the year earlier this week after a rough April for stocks, possibly making some areas of the market oversold.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126632432","content_text":"Stocks fell on Thursday, giving back some of the sharp gains seen in the previous session after the Federal Reserve raised rates by half a point.The Dow Jones Industrial Average fell 1.78%. The S&P 500 and Nasdaq Composite fell 2.19% and 3.12%, respectively.The moves come after a major rally for stocks on Wednesday. The Dow surged 932 points, or 2.81%, and the S&P 500 gained 2.99% for their biggest gains since 2020. The Nasdaq Composite jumped 3.19%.The Fed increased its benchmark interest rate by 50 basis points, as expected, and said it would begin reducing its balance sheet in June. However, Fed Chair Jerome Powell said during his news conference that the central bank is “not actively considering” a larger 75 basis point rate hike, which appeared to spark a rally.Still, the Fed remains open to the prospect of taking rates above neutral to rein in inflation, Zachary Hill, head of portfolio strategy at Horizon Investments, noted.“Despite the tightening that we have seen in financial conditions over the last few months, it is clear that the Fed would like to see them tighten further,” he said. “Higher equity valuations are incompatible with that desire, so unless supply chains heal rapidly or workers flood back into the labor force, any equity rallies are likely on borrowed time as Fed messaging becomes more hawkish once again.”The Treasury market saw a more dramatic reversal of Wednesday’s rally. The 10-year Treasury yield, which moves opposite of price, surged back above 3% on Thursday morning.Carlyle Group co-founder David Rubenstein said investors need to get “back to reality” about the headwinds for markets and the economy, including the war in Russia and high inflation.“We’re also looking at 50-basis-point increases the next two FOMC meetings. So we are going to be tightening a bit. I don’t think that is going to be tightening so much so that we’re going slow down the economy. ... but we still have to recognize that we have some real economic challenges in the United States,” Rubenstein said Thursday on CNBC’s “Squawk Box.”Some Wall Street strategists had suggested markets could see a relief rally after the rate increase. After Powell’s comments, investors seemed at ease about the central bank’s ability to slow inflation without triggering a recession. 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