Home Sports The US stock market has just seriously dived. What’s going on?

The US stock market has just seriously dived. What’s going on?

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Australia is waking up to a grim scene after US stock markets fell overnight.

New York Reference Index S&P 500 Index (SP: .INX) fell 3.56%, canceling out euphoric gains on Wednesday.

Technology Nasdaq Composite (NASDAQ: .IXIC) suffered even more. As much of Australia snored, it fell 4.99% in its worst session since June 2020. It is now at its lowest level since 2020.

The Dow Jones Industrial Average Index (DJX: .DJI) also suffered at Thursday’s session abroad. He conceded more than 1,000 points, or 3.12%.

The downturn in the US stock market could be bad news S & P / ASX 200 index (ASX: XJO) on Friday, especially the technical stocks of the ASX 200, which often respond to the Nasdaq movement.

Here’s what could have affected the U.S. stock market overnight.

U.S. stock markets crashed at Thursday’s session

U.S. stocks overnight were able to, and national markets gave up marked growth on Wednesday.

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average rose 2.9%, 3.2% and 2.8% on Wednesday, respectively, probably due to the positive sentiment of the United States Federal Reserve.

Federal Open Market Committee decided to raise rates by 0.5% to 0.75% to 1% on Wednesday – the biggest increase in 22 years – in an attempt to resolve inflation.

However, the chairman of the Federal Reserve Jerome Powell also commented that the organization is not “actively considering” raising interest rates by another 0.75%.

Powell’s confidence seemed to calm the nerves of the market on Wednesday. However, at yesterday’s session (Australian time) concerns arose again.

Some favorites of the US stock market have tightened NASDAQ-100 (NASDAQ: NDX) for the night.

The index fell 5% due to similar Airbnb Inc 09.30 NASDAQ: ABNB and Tesla Inc 09.30 NASDAQ: TSLA. Shares were some of the worst on the Nasdaq-100, both falling 8%.

Meanwhile, the stock price EBay Inc 04.30 NASDAQ: EBAY fell 11% on the back quarterly company results.

Booking Holdings Inc 09.30 NASDAQ: BKNG was one of several Nasdaq-100 stocks that closed on Green Thursday. On the news, it increased by 3%. increased demand for travel during the March quarter.

https://www.fool.com.au/2022/05/06/the-us-stock-market-just-took-a-major-dive-whats-going-on/

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