U.S. stocks extended losses in after-hours trading after disappointing earnings from tech giants and amid growing concern that equities have become overvalued. The dollar jumped the most since September and Treasury yields slipped.
U.S. stocks extended losses in after-hours trading after disappointing earnings from tech giants and amid growing concern that equities have become overvalued. The dollar jumped the most since September and Treasury yields slipped.
U.S. stocks extended losses in after-hours trading after disappointing earnings from tech giants and amid growing concern that equities have become overvalued. The dollar jumped the most since September and Treasury yields slipped.
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The dollar edged up. 09:08
Image: Akio Kon/Bloomberg
Asian stocks fluctuated Wednesday after their biggest slide in two months as investors mulled a slew of earnings reports and awaited the conclusion of a Federal Reserve policy meeting. The dollar edged up.
Equities climbed in Japan and fell in Australia, which reopened after a holiday. Nasdaq 100 futures jumped after Microsoft Corp.âs fiscal second-quarter sales rose at a faster clip than analysts had projected. S&P 500 and European contracts dipped. The US benchmark ended an up-and-down session slightly lower on Tuesday.
Elsewhere, Treasury yields were steady, oil advanced and Bitcoin dipped below the $32 000 level.
Stocks Extend Drop After Worst Rout Since October: Markets Wrap
Bloomberg 1/27/2021 Claire Ballentine and Sophie Caronello
(Bloomberg) U.S. stocks extended losses in after-hours trading after disappointing earnings from tech giants and amid growing concern that equities have become overvalued. The dollar jumped the most since September and Treasury yields slipped.
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Facebook Inc. and Tesla Inc both fell after reporting results, dragging down ETFs that track major stock gauges. The S&P 500 Index recorded its worst rout since October in the cash session, with the gauge down 2.6% after Federal Reserve officials left their main interest rate unchanged without promising any more aid for the economy. The selloff was widespread, sinking all 11 groups in the benchmark stock gauge.