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.
U S Stocks Drop Most in Three Weeks; Dollar Jumps: Markets Wrap
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(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.
(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.
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.
U.S. stocks drop most since Oct.; U.S. dollar jumps
Andreea Papuc, Bloomberg News VIDEO SIGN OUT
U.S. equities tumbled as a risk-off mood descended on markets amid growing concern that stocks have become overvalued. The dollar jumped the most since September and Treasury yields slipped.
The S&P 500 Index recorded its worst rout since October, with the gauge down 2.6 per cent 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. Turmoil continued in pockets of the market where retail traders are becoming a dominant force, with shares of GameStop Corp. and AMC Entertainment Holdings Inc. soaring as investment pros questioned whether thereâs any rationale behind the moves.
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