Home » Business » Wall Street thud with -4% of Apple and Amazon. Over -10% Tesla

Wall Street thud with -4% of Apple and Amazon. Over -10% Tesla

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23/09/2020 22:18


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Tough Wednesday for Wall Street with techs returning to lead the sell-off. At the close, the Nasdaq lost 3.02%, the S&P 500 2.38% and the Dow Jones 1.92%. The positive news on the vaccine front and the words of President Donald Trump who ruled out the possibility of a second lockdown were of no avail.
The US dollar continued to strengthen, while gold slipped to more than two-month lows. Oil is also down.

Leading the falls in the US indices were the largest stocks. Decreases of over 4% for several big names such as Amazon, Apple and Netflix. Microsoft sold over 3 percent.
Over 10% thud for Tesla despite CEO Elon Musk having indicated a delivery target for 2020 that is up from 30 to 40% compared to 367,500 vehicles last year. Indications substantially in line with the previous estimate of half a million cars this year.

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