SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Gloomy on Wall Street

» Updated: 08 October 2024

» 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

Tiktok ready to shut down in the USA
1 MIN READ

Tiktok ready to shut down in the USA

Technology stocks drive the market on a cheerful New York stock exchange
2 MIN READ

Technology stocks drive the market on a cheerful New York stock exchange

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy