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US STOCKS-Nasdaq Tumbles to Lowest Close Since Late 2020

(Reuters) - Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve

US STOCKS-Nasdaq Tumbles to Lowest Close Since Late 2020

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The tech-heavy index has now fallen 22% from its record high close last November.</p><p>Previously-prized growth stocks have been hammered in recent weeks as investors fret about the impact of higher interest rates on their future earnings.</p><p>China&#39;s COVID-19 led lockdown and an aggressive pivot by major central banks to fight inflation have overshadowed what has been a better-than-expected quarterly earnings season so far.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc </a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp </a> both reported their results after the closing bell. About a third of the S&amp;P 500 companies are set to report results this week.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple </a>, Wall Street&#39;s most valuable company, fell 3.7% in Tuesday&#39;s session ahead of its report on Thursday.</p><p>&#34;Earnings broadly have been pretty good. But it hasn&#39;t really mattered very much to the overall stock story. It&#39;s mainly about the Fed and other central banks, and now China and COVID,&#34; said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky.</p><p>&#34;I think with where the market is right now, in this indiscriminate selling and fear phase, I think you&#39;ve got more potential for downside risk than you have for an upside surprise,&#34; Mayfield said.</p><p>The S&amp;P 500 consumer discretionary (.SPLRCD) index lost 4.99% and was among the worst of 11 sector indexes, pulled lower by Tesla, and also by a 4.6% decline in Amazon (AMZN.O).</p><p>The S&amp;P 500 energy index (.SPNY) was the only sector to rise, ending up 0.05% as oil prices rebounded following reports that Russian gas supplies to Poland would be halted Wednesday, a development viewed as an escalation of tensions between Russia and the West over Ukraine.</p><p>The Dow Jones Industrial Average (.DJI) fell 2.38% to end at 33,240.18 points, while the S&amp;P 500 (.SPX) lost 2.81% to 4,175.2.</p><p>The Nasdaq Composite (.IXIC) dropped 3.95% to 12,490.74.</p><p>Of the 134 companies in the S&amp;P 500 that reported earnings so far, 80.6% topped analysts&#39; profit expectations, according to Refinitiv data. In a typical quarter, 66% beat estimates.</p><p>General Electric Co (GE.N) tumbled more than 10% after forecasting full-year earnings at the low end of its previous estimate. </p><p>United Parcel Service Inc (UPS.N) fell 3.5% despite reporting a rise in quarterly adjusted profit, while U.S. hospital operator Universal Health Services Inc (UHS.N) slumped nearly 9% after its earnings missed estimates.</p><p>Meanwhile, data showed U.S. consumer confidence edged lower in April, though households planned to buy automobiles and many appliances, which should help underpin consumer spending in the second quarter.</p><p>Volume on U.S. exchanges was 12.3 billion shares, compared with a 12.6 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.71-to-1 ratio; on Nasdaq, a 4.82-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 45 new lows; the Nasdaq Composite recorded 24 new highs and 646 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nUS STOCKS-Nasdaq Tumbles to Lowest Close Since Late 2020\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-27 07:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla </a> slumped 12% after investors worried that chief executive Elon Musk might sell some of his stake in the electric car maker to help pay for his $44 billion deal to buy Twitter, announced on Monday.</p><p>Tesla contributed more than any other stock to the S&amp;P 500 and Nasdaq&#39;s steep declines.</p><p>It was the steepest one-day drop for the Nasdaq since September 2020. The tech-heavy index has now fallen 22% from its record high close last November.</p><p>Previously-prized growth stocks have been hammered in recent weeks as investors fret about the impact of higher interest rates on their future earnings.</p><p>China&#39;s COVID-19 led lockdown and an aggressive pivot by major central banks to fight inflation have overshadowed what has been a better-than-expected quarterly earnings season so far.</p><p><a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc </a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp </a> both reported their results after the closing bell. About a third of the S&amp;P 500 companies are set to report results this week.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple </a>, Wall Street&#39;s most valuable company, fell 3.7% in Tuesday&#39;s session ahead of its report on Thursday.</p><p>&#34;Earnings broadly have been pretty good. But it hasn&#39;t really mattered very much to the overall stock story. It&#39;s mainly about the Fed and other central banks, and now China and COVID,&#34; said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky.</p><p>&#34;I think with where the market is right now, in this indiscriminate selling and fear phase, I think you&#39;ve got more potential for downside risk than you have for an upside surprise,&#34; Mayfield said.</p><p>The S&amp;P 500 consumer discretionary (.SPLRCD) index lost 4.99% and was among the worst of 11 sector indexes, pulled lower by Tesla, and also by a 4.6% decline in Amazon (AMZN.O).</p><p>The S&amp;P 500 energy index (.SPNY) was the only sector to rise, ending up 0.05% as oil prices rebounded following reports that Russian gas supplies to Poland would be halted Wednesday, a development viewed as an escalation of tensions between Russia and the West over Ukraine.</p><p>The Dow Jones Industrial Average (.DJI) fell 2.38% to end at 33,240.18 points, while the S&amp;P 500 (.SPX) lost 2.81% to 4,175.2.</p><p>The Nasdaq Composite (.IXIC) dropped 3.95% to 12,490.74.</p><p>Of the 134 companies in the S&amp;P 500 that reported earnings so far, 80.6% topped analysts&#39; profit expectations, according to Refinitiv data. In a typical quarter, 66% beat estimates.</p><p>General Electric Co (GE.N) tumbled more than 10% after forecasting full-year earnings at the low end of its previous estimate. </p><p>United Parcel Service Inc (UPS.N) fell 3.5% despite reporting a rise in quarterly adjusted profit, while U.S. hospital operator Universal Health Services Inc (UHS.N) slumped nearly 9% after its earnings missed estimates.</p><p>Meanwhile, data showed U.S. consumer confidence edged lower in April, though households planned to buy automobiles and many appliances, which should help underpin consumer spending in the second quarter.</p><p>Volume on U.S. exchanges was 12.3 billion shares, compared with a 12.6 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.71-to-1 ratio; on Nasdaq, a 4.82-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 45 new lows; the Nasdaq Composite recorded 24 new highs and 646 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPS":"联合包裹","BK4082":"医疗保健设备","BK4508":"社交媒体","BK4139":"生物科技","SQQQ":"纳指三倍做空ETF","BK4131":"航空货运与物流","BK4507":"流媒体概念","APR":"Apria, Inc.","TWTR":"Twitter","BK4574":"无人驾驶","BK4551":"寇图资本持仓","PSQ":"纳指反向ETF","LABP":"Landos Biopharma, Inc.","BK4561":"索罗斯持仓","DDM":"道指两倍做多ETF","SANA":"Sana Biotechnology, Inc.","BK4511":"特斯拉概念","TQQQ":"纳指三倍做多ETF","BK4514":"搜索引擎","QQQ":"纳指100ETF","BK4185":"保健护理机构","TSLA":"特斯拉","UDOW":"道指三倍做多ETF-ProShares","BK4553":"喜马拉雅资本持仓","QID":"纳指两倍做空ETF","BK4555":"新能源车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230482878","content_text":"(Reuters) - Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve.Tesla  slumped 12% after investors worried that chief executive Elon Musk might sell some of his stake in the electric car maker to help pay for his $44 billion deal to buy Twitter, announced on Monday.Tesla contributed more than any other stock to the S&P 500 and Nasdaq's steep declines.It was the steepest one-day drop for the Nasdaq since September 2020. The tech-heavy index has now fallen 22% from its record high close last November.Previously-prized growth stocks have been hammered in recent weeks as investors fret about the impact of higher interest rates on their future earnings.China's COVID-19 led lockdown and an aggressive pivot by major central banks to fight inflation have overshadowed what has been a better-than-expected quarterly earnings season so far.Alphabet Inc  and Microsoft Corp  both reported their results after the closing bell. About a third of the S&P 500 companies are set to report results this week.Apple , Wall Street's most valuable company, fell 3.7% in Tuesday's session ahead of its report on Thursday.\"Earnings broadly have been pretty good. But it hasn't really mattered very much to the overall stock story. It's mainly about the Fed and other central banks, and now China and COVID,\" said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky.\"I think with where the market is right now, in this indiscriminate selling and fear phase, I think you've got more potential for downside risk than you have for an upside surprise,\" Mayfield said.The S&P 500 consumer discretionary (.SPLRCD) index lost 4.99% and was among the worst of 11 sector indexes, pulled lower by Tesla, and also by a 4.6% decline in Amazon (AMZN.O).The S&P 500 energy index (.SPNY) was the only sector to rise, ending up 0.05% as oil prices rebounded following reports that Russian gas supplies to Poland would be halted Wednesday, a development viewed as an escalation of tensions between Russia and the West over Ukraine.The Dow Jones Industrial Average (.DJI) fell 2.38% to end at 33,240.18 points, while the S&P 500 (.SPX) lost 2.81% to 4,175.2.The Nasdaq Composite (.IXIC) dropped 3.95% to 12,490.74.Of the 134 companies in the S&P 500 that reported earnings so far, 80.6% topped analysts' profit expectations, according to Refinitiv data. In a typical quarter, 66% beat estimates.General Electric Co (GE.N) tumbled more than 10% after forecasting full-year earnings at the low end of its previous estimate. United Parcel Service Inc (UPS.N) fell 3.5% despite reporting a rise in quarterly adjusted profit, while U.S. hospital operator Universal Health Services Inc (UHS.N) slumped nearly 9% after its earnings missed estimates.Meanwhile, data showed U.S. consumer confidence edged lower in April, though households planned to buy automobiles and many appliances, which should help underpin consumer spending in the second quarter.Volume on U.S. exchanges was 12.3 billion shares, compared with a 12.6 billion average over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 4.71-to-1 ratio; on Nasdaq, a 4.82-to-1 ratio favored decliners.The S&P 500 posted no new 52-week highs and 45 new lows; the Nasdaq Composite recorded 24 new highs and 646 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101453434,"commentId":"101453434","gmtCreate":1651028907089,"gmtModify":1663247924538,"authorId":3575255834085346,"author":{"id":3575255834085346,"idStr":"3575255834085346","authorId":3575255834085346,"name":"Bwys1990","avatar":"https://static.tigerbbs.com/673a4e44e4f35cc813722cbff0b176b9","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.28","exceedPercentage":"93.93%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9087570286,"objectIdStr":"9087570286","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Lik","text":"Lik","html":"Lik","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}