The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates.
The S&P 500 ended below 4,000 for the first time since March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates.
U.S. stocks ended sharply lower on Monday, led by declines in mega-cap growth shares as the benchmark 10-year yield hit fresh 3-1/2 year highs and investors grew more concerned about the interest rate outlook.
U.S. stocks were down sharply on Monday, with the S&P 500 hitting its lowest level since April 2021, led by declines in mega-cap growth shares as the benchmark 10-year yield hit fresh 3-1/2 year highs and investors grew more concerned about the interest rate outlook.
Alphabet’s GOOGL division Google is reportedly testing UI redesign for YouTube Music playlists on Android mobiles to strengthen its offerings in the music streaming space.
The S&P 500 index fell to its lowest since April 2021 on Monday as higher U.S. Treasury yields hit growth stocks amid prospects of aggressive policy tightening, while investors grappled with fears of a sharp economic slowdown in China.
What happened
Stock markets continued to slide as markets reopened on Monday, with the S&P 500 falling 2.1% through 10:45 a.m. ET and the tech-heavy Nasdaq down 2.9%.
U.S. stocks slid on Monday as higher U.S. Treasury yields hit growth stocks amid prospects of aggressive monetary policy tightening, with investor sentiment taking a hit from fears of a sharp economic slowdown in China.
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For Immediate Release Chicago, IL – May 9, 2022 – Today, Zacks Investment Ideas feature highlights Tesla TSLA, Apple AAPL, Devon Energy Corp. DVN, ZIM Integrated Shipping Services ZIM, and Eagle Bulk Shipping Inc. EGLE.
U.S. stock were set to open lower on Monday as rising U.S. Treasury yields amid prospects of aggressive monetary policy tightening weighed on growth stocks, with the sentiment taking a hit from fears of a sharp economic slowdown in China.
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U.S. stock index futures slid on Monday as rising U.S. Treasury yields weighed on growth stocks amid prospects of aggressive policy tightening by the Federal Reserve, with fears of a sharp economic slowdown in China also dampening the sentiment.
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