Falling stocks on Wall Street worry investors (Getty)
On a day devoid of shocking news, the three major US stock indexes fell, giving up another segment of the market last week’s earningswhile eyes are on every Federal Reserve speaker, hoping to find a signal that confirms or denies their easing drive. arouse interest during the next period.
By close of trading on Wednesday, the Nasdaq index lost more than 1.5% of its value, the S&P 500 index was down 0.83%, while the Dow Jones Industrial Average lost less than an eighth of percentage point.
Government data showed U.S. retail sales rose for the month-ending October on Wednesday, indicating continued support for U.S. consumer spending to the country’s economyHowever, that hasn’t stopped stock prices from falling.
Investors in US stocks and bonds await speeches from some monetary policy makers Thursday and Friday as market expectations differ on the directions of the world’s largest central bank in 2023.
Outside the US stock market, oil prices fell more than a dollar at settlement time after shipments of Russian oil via the Druzhba pipeline to Hungary resumed, while an increase in cases of the Covid-19 virus 19 in China also influenced sentiment.
Brent crude futures closed lower at $92.86 a barrel, after dropping 1.1%, while US West Texas crude futures fell 1.5% to 85.59 dollars a barrel.
The market gave up early gains after Hungarian Foreign Minister Peter Szyjjarto said flows via the Druzhba pipeline from Russia had resumed, after a brief hiatus.
Also on Wednesday, Amazon said it had laid off some employees, while a person familiar with the company told Reuters the retail giant still aims to cut 10,000 jobs.
The company’s announcement is the first of its kind since media revealed layoff plans on Monday, seen as a sign of a major transformation at the company known for offering thousands of job opportunities, even during recessionary times. economic, as happened in 2020.
