SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Gloomy on Wall Street

» Updated: 08 October 2024, 06:35

» Published: 07 October 2024

Gloomy on Wall Street
Photo: Yuki Iwamura/AP/TT

The mood was gloomy when the American stock market week began and the leading indexes on the New York Stock Exchange fell.

The broad S&P 500 index fell 1.0 percent, the Dow Jones industrial index dropped 0.9 percent, while the Nasdaq's technology-heavy composite index lost 1.2 percent.

Market interest rates have risen, for example, the yield on the ten-year government bond is higher than 4 percent for the first time since August.

Rising oil prices are also contributing to the uncertainty.

Several of the large technology companies had a tough day, for example, electric car manufacturer Tesla fell 3.7 percent and Google's parent company Alphabet fell 2.4 percent.

On the other hand, chip manufacturer Nvidia performed strongly, with its stock rising 2.3 percent.

Soon, companies will be presenting quarterly reports, for example, major banks such as JP Morgan Chase and Wells Fargo are expected to release their quarterly figures this week.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billions at stake in Northvolt's crisis
2 MIN READ

Billions at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet

Visa facilitation to boost China's tourism
1 MIN READ

Visa facilitation to boost China's tourism

The Stockholm Stock Exchange closed the week on a bright note
2 MIN READ

The Stockholm Stock Exchange closed the week on a bright note

Japanese households receive part of billion package
1 MIN READ

Japanese households receive part of billion package

Airline Launches Thailand Route from Arlanda
1 MIN READ

Airline Launches Thailand Route from Arlanda

Slight increase in apartment building
1 MIN READ

Slight increase in apartment building

Northvolt's CEO is leaving: Should have slammed on the brakes
3 MIN READ

Northvolt's CEO is leaving: Should have slammed on the brakes

Strike hits French Cognac
1 MIN READ

Strike hits French Cognac