Wall Street fell broadly on Thursday’s trading day. One minute after trading closed on the New York Stock Exchange, the leading indices are in red.
This is how it went with the leading indices on Wall Street:
The collective index S&P 500 fell 0.62 per cent. The technology index Nasdaq fell 0.63 per cent. The Dow Jones fell 0.51 per cent.
The volatility index – VIX – rose 4.5 per cent to 16.81, while the yield on ten-year US government bonds is at 4.71 per cent.
Inflation figures affect
The development comes in the wake of today’s inflation figures from the US, which showed that consumer prices (CPI) rose 3.7 per cent on an annual basis in September (as in August), against an expected 3.6 per cent. Core inflation fell from 4.3 to 4.1 percent, exactly as expected.
– The figures were slightly stronger than we expected, although the downward trend in core inflation continued. We hope this will continue, but will keep a close eye on how higher energy prices spill over into broader inflation in the coming months, Vanguard senior economist Andrew Patterson told CNBC.
The inflation figures do not mean that the Fed needs to raise interest rates more, but substantiates that interest rates will remain high for a long time, claims senior strategist Dane Cekov at Nordea Markets in an interview with Finansavisen.
The oil price
Energy prices continue their winning streak and rise at the end of trading on Thursday, after several days of gains.
Brent oil rose 1.04 percent to 86.36 dollars per barrel. barrel, while WTI oil rose 0.08 percent to 83.55 dollars per barrel.
Stock
Facebook owner Meta, Amazon, Netflix, Apple and Alphabet (also known as the FAANG stocks), had a mixed day on the stock exchange on Thursday. Amazon and Apple were among the most traded stocks on Wall Street at the close of trading.
Facebook fell 1.12 percent to $324.16.Amazon rose 1.38 percent to $132.33.Apple rose 0.51 percent to $180.71.Netflix fell 1.29 percent to $361.20.Alphabet fell 1.0 percent to $140.29.
Complicated start for stock market newcomers
After a troubled start on Wednesday, when the German sandal company Birkenstock went public in New York, the share also fell on Thursday.
The share is down around 6.6 per cent to a price of USD 37.55 per share at the close of trading.
At the close of trading on Wednesday, the Birkenstock share was down to $40.06, which is around 13 percent lower than the listing price of $46 per share. In connection with the listing, the company was priced at 8.64 billion dollars.
2023-10-12 21:00:00
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