Sun, Dec 04, 2022 @ 15:37 GMT
HomeContributorsFundamental AnalysisFalling Stocks In Various Sectors Led To Declines In The Broader Market

Falling Stocks In Various Sectors Led To Declines In The Broader Market

Considering the rising inflation expectations, investors turned away from technology stocks in favor of more cyclical companies. By the close of the trading session, the Dow Jones Index decreased by -34.94 points (-0.1%), the S&P 500 decreased by -44.17 points (-1.04%), and the Nasdaq Composite lost 350.38 points (-2.55%).

European indices showed mixed dynamics on Monday. However, there were no panic sell-offs as in the US. For instance, the German DAX Index even rose slightly at the end of the day.

Falling stock indices may increase the demand for gold, as the gold price is closely linked to inflation expectations and also depends on the US Treasuries yields.

WTI crude oil futures prices fell during Monday’s US session. On Monday, Colonial Pipeline said that it intends to resume operations on a full-scale basis by the end of the week, but some producers have already cut production. With India’s weekly average COVID-19 reaching a new high, all this could put pressure on demand for “black gold”.

Japan’s Nikkei Index fell by -2.8%, while the broadest Asia-Pacific Stock Index MSCI fell by -1.7%, it’s the biggest drop since late March.

Main market quotes:

  • S&P 500 (F) 4,188.43 -44.17 (-1.04%)
  • Dow Jones 34,742.82 -34.94 (-0.1%)
  • DAX 15,400.41 +0.76 (+0.01%)
  • FTSE 100 7,123.68 -6.03 (-0.09%)
  • USD Index 90.27 -0.04 (-0.04%)

Important events:

  • China Consumer Price Index (m/m) at 04:30 (GMT+3);
  • China Producer Price Index (m/m) at 04:30 (GMT+3);
  • Europe ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
  • Australia Annual Budget Release (y/y) at 12:30 (GMT+3);
  • UK BOE Governor Andrew Bailey Speaks at 17:30 (GMT+3).

 

JustForex
JustForexhttps://justforex.com/?utm_source=actionforex&utm_medium=article&utm_campaign=analytics
JustForex is a broker which helps people to earn on the financial markets providing them with the beneficial conditions. Being an international broker and working with clients from different countries we understand that every person is unique with his own values, no matter whether he is a trader or a partner. When our team develops the services of the company, we take into account the variety of cultures, nations, trading experience and demands of our clients. JustForex offers several trading account types with a wide choice of trading instruments and everyone can find the most suitable one according to his preferences.

Featured Analysis

Learn Forex Trading