Facebook lost a quarter of its value after announcing third quarter 2022 results (Getty)
In a week, see an announcement Business results Many of them, caused shares technology companies Sharp drop in my index Nasdaq And the S&P 500 for the second consecutive day, while the Dow Jones continued to rise, in one of the best weeks of this year.
After disappointing results, announced after the close of trading on Wednesday, Meta (formerly Facebook) shares lost more than a quarter of their value during trading on Thursday, dragging shares of Apple and Amazon with them, just hours before the Q3 Results Announced The current market, and many other technology companies, will close trading on the Nasdaq today, down 1.63%.
In the same context, the S&P 500 index fell, closing Thursday’s trading with a loss of 0.61% of its value, while the Dow Jones Industrial Average added the same percentage to its value, climbing during today’s trading of 194 points, which was at the best times of the day of over four hundred.
The positive moves in the Dow Jones Industrial Average came against the backdrop of data released Thursday morning, in which the U.S. Department of Commerce confirmed the growth of US economy During the third quarter of this year, an annual rate of 2.6% after two consecutive quarters of contraction.
The US economy recorded its first quarterly growth in 2022, alleviating fears of entering a recession due to the subsequent rate hike. Benefit Of Federal Reserve Board (Central Bank of the United States), after entry into force recessionIn theory, it closed the first two quarters of the year with a contraction in GDP.
Even during Thursday’s trading, oil surged more than a dollar a barrel with Thursday’s deal, continuing its growth that began two weeks ago as optimism over record U.S. crude oil exports dominated and signs that reduce fears that the Chinese economy will enter a recession by reducing its demand for oil. .
Brent crude rose 1.3%, reaching $ 96.96 per barrel, while US West Texas crude rose 1.3%, reaching a price of $ 89.08 per barrel, at the time of settlement. .
Also on Thursday, the European Central Bank raised the key rate on the euro by 0.75%, while expectations prevailed that central banks would be close to the end of the current tightening cycle, bringing the euro back to close to par with the euro. dollar. In the same context, the pound continued to rise following the election of a new prime minister for Great Britain, hitting a record 1.1560 against the dollar.
