US Markets - A simple analysis of why NASDAQ and Dow Jones fell between 1-2% yesterday!
This video is in Hindi and covers the following topics:
Why Dow Jones and NASDAQ fell?
Why US market overall fell?
Investors shifted out of technology stocks in the face of rising Treasury yields
Recent data showing increased consumer spending
Accelerated factory activity and elevated inflation growth
Federal Reserve could start tightening its accommodative monetary policy sooner than expected
fresh U.S.-China concerns over trade - The Biden administration said it would not immediately remove the Trump administration’s tariffs and would require that Beijing uphold its trade commitments.
High-flying companies including Apple Inc (AAPL.O), Facebook Inc (FB.O), Microsoft Corp (MSFT.O), Alphabet Inc (GOOGL.O) and Amazon.com Inc (AMZN.O) fell between 2.4% and 5.8%.
Facebook was also pressured after its app and its photo-sharing platform Instagram were down for thousands of users
Credit: Ticker Tape/Money Control
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