US stocks have been sluggish following recent volatility

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In the process of trading on Friday morning, stocks show a lack of direction, with key averages bouncing back and forth across the unchanging line. Unstable trading follows the extreme volatility seen in the last few sessions.

Currently, the main average is recording a small loss, while tech-heavy Nasdaq is down only 4.78 points, at 13,348.00, less than a tenth percent. The Dow fell 177.95 points (0.5%) to 33,982.83 and the S & P 500 fell 7.64 points (0.2%) to 4,318.87.

Prolonged concerns about higher interest rates market After the Federal Reserve signaled earlier this week that top-notch rate hikes could come in March at the earliest.

Federal Reserve Chair Jerome Powell argues that the central bank has “significant” room to raise interest rates. EconomyTraders seem to be concerned that the Fed may be more aggressive than previously expected.

Commerce Department reports that core consumer price inflation accelerated to nearly 40-year highs in December could put pressure on the Fed to raise interest rates even faster.

The Federal Ministry of Commerce’s reading of inflation, which is said to be preferred by the federal government, shows that core consumer inflation has accelerated from 4.7% in November to 4.9% in December, reaching its highest level since September 1983. I showed that I did.

Currently, stock prices have fallen mostly, but the market has fluctuated significantly in recent sessions and may recover soon.

Notable advances by Apple (AAPL) helped limit the downsides of Nasdaq, with tech giants soaring 3.8% after reporting better-than-expected quarterly results.

Credit card giant Visa (V) also turned upward after reporting first-quarter performance that exceeded analysts’ expectations.

Meanwhile, Chevron (CVX) shares are under pressure after energy giants reported fourth-quarter earnings that missed analysts’ estimates.

Dow’s companion Caterpillar (CAT) has also fallen sharply as supply chain concerns mask construction machinery manufacturers’ better-than-expected quarterly results.

Airline stocks fell sharply in the morning, dropping the NYSE Arca Airline Index by 4.2%.

Semiconductor stocks have also seen significant weaknesses, expanding the sales seen in previous sessions.

Reflecting the weakness of the sector, the Philadelphia Semiconductor Index has fallen 2% to its lowest daytime level in six months.

Gold, chemical and housing inventories also showed noticeable weaknesses that day, declining along with most other major sectors.

In overseas trading, the stock market in the Asia-Pacific region fluctuated in the trading on Friday. Japan’s Nikkei 225 index surged 2.1%, while China’s Shanghai Composite Index fell 1%.

Meanwhile, all major European markets have moved down that day. The UK’s FTSE 100 index is down 1.2%, while the German DAX index and the French CAC 40 index are both down 1.6%.

In the bond market, seeing the initial weaknesses, the Treasury has returned near the unchanging line. As a result, yields on benchmark 10-year bonds, which move in the opposite direction of price, are up 1.807% below the basis point.

Contact for comments and feedback: editorial@rttnews.com

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US stocks have been sluggish following recent volatility

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The post US stocks have been sluggish following recent volatility appeared first on Eminetra.

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