Thursday , October 6 2022

Wall Street Wall: China optimism has not helped technologies – stock markets and finance


Dow Jones and S & P 500 also regretted on Friday's trading day with the comments of President Donald Trump that China has expressed willingness to enter into a trade agreement and that therefore no more customs duties on Chinese imports are possible.

– I think the agreement will end. We'll know it soon, "Trump said.

It looked like Vall Street was closed at 22:00 in the Norwegian time on Friday night:

  • Dov Jones closed 0.50 percent
  • The S & P 500 grew by 0.23 percent
  • Composite's dropped 0.15 percent

All three indices are red for the whole week.

nvidia bark

However, on Friday, it was not only positive in New York, as more technology teams continued to fight falling stock prices.

The worst went above the Nvidia graphics card maker, which fell by 19.17 percent, marking the worst day of the company since 2008, and the eighth worst day in history.

The company released quarterly data Thursday night, which showed weaker revenue than expected and disappointing leadership by the end of the year.

The company's powerful PC graphics card is primarily used for playing games or for handling complex transactions on "digging" after cryptography. The demand for this type of graphics card fell after the price of the crypto currency fell throughout the year.

Nvidia also brings several chip makers to suction suction, and AMD took 3.93 percent, Micron dropped 1.22 percent and

The listed VanEck Vectors Semiconductor after the development in the sector fell 1.78 percent.

Apple, on the other hand, had a better day with an increase of 1.1 percent, but ended a week by 5.35 percent after heavy events on Monday and Wednesday.

Hard for more giants

However, there were more than the aforementioned technology companies that lost in value, fighting such as Amazon (-1.36 percent), Facebook (-3.02 percent), Netflik (-1.17 percent) and Alphabet, 15 percent) also had to have a sharp price on Friday.

Nasdaq 100, which consists of Nasdaq's largest companies, excluding financial companies, fell by 0.33%

Technological companies have now fought off the Oslo Stock Exchange in October, and the decline seems to be not completely complete.

"Reduction is conditioned by major concerns in key index components, and now there is a danger that the long period in which Nasdaq 100 made better than the rest is over," said Michael Shaoul, Head of Marketfield Asset Management, in a statement. CNBC.

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